Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitmine buys $237M in Ethereum, boosting holdings to 4.47% of supply amid price drop below $2,200.

Market News
26 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitmine Immersion Technologies made its largest Ethereum purchase of 2026, acquiring 111,942 ETH for about $237 million after ETH prices fell below $2,200. This raised Bitmine's total holdings to nearly 5.4 million ETH, or 4.47% of the circulating supply, nearing their 5% target. The company has staked over 4.7 million ETH, expecting $276 million in annual staking income. Bitmine's shares rose 3.3% following the purchase, with further gains anticipated from its upcoming inclusion in the Russell 1000 index, which could attract more passive investment.

More News

zSpace converts $12M debt to equity, boosting financial health and growth potential

zSpace converts $12M debt to equity, boosting financial health and growth potential

zSpace, Inc. has converted over $12 million of its outstanding debt into equity through agreements with two lenders, significantly improving its financial position. Fiza Investments converted about $10 million in debt into common and preferred stock ...

Company Fundamentals
Bullish
22 minutes ago
Nvidia's new ARM-based AI chips boost ARM stock, says Jim Cramer after Computex 2026 keynote.

Nvidia's new ARM-based AI chips boost ARM stock, says Jim Cramer after Computex 2026 keynote.

Nvidia unveiled new ARM-based hardware at Computex 2026, including the "Vera" CPU designed for AI and data centers. Jim Cramer praised the move, calling it a major positive for ARM Holdings, whose stock has surged over 200% this year. Nvidia is shift...

Market News
Bullish
42 minutes ago
PMGC Holdings signs LOI to acquire 76% of a US precision machining firm serving aerospace and defense sectors

PMGC Holdings signs LOI to acquire 76% of a US precision machining firm serving aerospace and defense sectors

PMGC Holdings has entered a non-binding letter of intent to acquire a 76% controlling stake in a US-based precision machining company specializing in aerospace, space, defense, and semiconductor markets. The target company, with $5.46 million revenue...

Company Fundamentals
Bullish
51 minutes ago
Dividend 15 Split Corp. launches 1-year normal course issuer bid to repurchase up to 10% of shares.

Dividend 15 Split Corp. launches 1-year normal course issuer bid to repurchase up to 10% of shares.

Dividend 15 Split Corp. announced that the Toronto Stock Exchange has approved its Normal Course Issuer Bid (NCIB) to buy back up to 10% of its Preferred and Class A shares. The NCIB starts June 3, 2026, and runs through June 2, 2027, allowing the co...

Company Fundamentals
Bullish
52 minutes ago
Kinross releases 2025 Sustainability Report highlighting $4.9B economic impact and strong environmental, social, and governance progress.

Kinross releases 2025 Sustainability Report highlighting $4.9B economic impact and strong environmental, social, and governance progress.

Kinross Gold Corporation published its 2025 Sustainability Report showcasing its commitment to responsible mining through significant economic contributions of $4.9 billion to host countries and strong performance in environmental, social, and govern...

Others
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App