Bitmine acquired 126,971 ETH valued at about $214 million in one week, increasing its total holdings to 5.54 million ETH, worth nearly $9.3 billion. This purchase represents 4.59% of Ethereum's circulating supply, with the company aiming to reach 5% ownership later this year. Chairman Thomas Lee stated the price drop doesn't reflect Ethereum's strong fundamentals, prompting Bitmine to accelerate buying despite market weakness. Bitmine also plans to raise capital through preferred equity shares to support further digital asset purchases.
Cryptocurrency prices exhibit varied changes, with Bitcoin trading at $63,444, up 2.75%, and Ethereum rising 3.81% to $1,679.68. Several altcoins like HYPE, NEAR, and DEXE show significant gains, while others like BCH and SIREN experience declines. T...
Bitmine Immersion Technologies, shifting from Bitcoin mining to Ethereum holding, has acquired 92% of its goal to hold 5% of Ethereum's total supply by buying nearly 127,000 ETH during a recent market dip. Despite Ether's price drop to $1,505, Bitmin...
Bitmine purchased 126,971 ether (ETH) last week, its largest weekly buy in 2026, spending about $214 million as ETH prices fell. This increased Bitmine's total holdings to 5.54 million ETH, worth around $9.3 billion, bringing it closer to its goal of...
Bitwise CEO Hunter Horsley advises crypto investors to adopt a long-term perspective, emphasizing fundamentals like usage, technology, and institutional adoption rather than short-term price moves. Bitcoin is currently testing support near $60,000 to...
Cryptocurrency prices are fluctuating with Bitcoin at $63,014 and Ethereum at $1,676.48, showing moderate gains. Several altcoins such as BEAT and DEXE have experienced significant increases, with BEAT up nearly 72% and DEXE up over 15%. These moveme...
