Bitmine Immersion Technologies has acquired 94% of its target to hold 5% of Ethereum's total supply, now owning 5.7 million ETH or 4.7% of all circulating Ethereum. The company also joined the Russell 1000 Large-cap Index, aiming to attract more institutional investors. Bitmine holds $9.8 billion in assets including crypto, cash, and strategic investments, and operates the MAVAN staking platform with 85% of its Ethereum staked, generating significant annual revenue. Despite recent market declines, Bitmine's chairman remains optimistic about long-term growth driven by blockchain adoption and crypto-based AI payment systems.
Bitmine Immersion Technologies purchased 27,084 ETH worth about $43 million last week, increasing its holdings to 5.7 million ETH, nearly 4.7% of Ethereum's circulating supply. Despite the recent crypto price decline, Bitmine continues to accumulate ...
Bitcoin hovered just below $60,000 with a slight 0.6% gain, reflecting cautious trader sentiment as derivatives data and chart patterns suggest continued downside risk. While Solana and Avalanche showed some rebounds, their futures open interest indi...
Ethereum's price remains stuck below $1,600 due to ongoing selling pressure from spot Ethereum ETFs, which have seen $273 million in outflows over seven weeks, mainly from BlackRock's ETHA. Despite a bullish $62.4 million ETH purchase by SharpLink Ga...
U.S. Bitcoin and Ethereum spot ETFs experienced nearly $2 billion in outflows in late June due to increasing regulatory scrutiny and geopolitical uncertainties, including U.S.-Iran tensions. BlackRock’s Bitcoin and Ethereum ETFs led the withdrawals, ...
SharpLink has resumed its Ether buying campaign, acquiring 39,196 ETH worth about $62.4 million over three days after an eight-month pause. The company now holds over 876,000 ETH but faces an unrealized loss of roughly $1.71 billion as Ether trades b...
