Bitmine Immersion Technologies purchased an additional 9,926 ETH, bringing its total Ethereum holdings to about 5.8 million ETH, or 4.8% of the total supply, nearing its 5% target. Chairman Tom Lee highlighted the rising ETH/BTC ratio as a sign of increasing market recognition of Ethereum's role in tokenization and agentic AI applications, predicting these factors will drive growth in the next crypto cycle. Bitmine also reported staking over 5 million ETH with a 2.61% weekly yield, projecting $250 million in annualized staking revenue. Additionally, the company repurchased 1.7 million common shares recently under a $4 billion buyback plan.
Bitmine, led by Tom Lee, purchased an additional 9,926 ETH last week, increasing its total holdings to 5.815 million ETH, worth about $11 billion. This represents about 4.8% of Ethereum's total supply, nearing Bitmine's goal of owning 5%. Lee highlig...
Ethereum price climbed nearly 2% on August 17, reaching an intraday high near $1,912 after buyers defended support around $1,872 and pushed ETH above $1,900. A large whale transferred 32,400 ETH worth $61.46 million into Ethereum's staking contract, ...
Last week, Bitcoin ETFs experienced $390 million in net outflows, with Fidelity's FBTC and BlackRock's IBIT leading the declines. Ethereum ETFs also saw $2.26 million in outflows, mainly from BlackRock's ETHA, while Grayscale's ETH saw inflows. In co...
Ethereum (ETH) is trading around $1,903 with daily volume at $4.58 billion, forming a symmetrical triangle pattern that signals a potential breakout. The price has held above the $1,750 low for over a month, indicating a bottoming process and early b...
Bitcoin stabilized above $63,000, gaining 0.8% amid a rebound in U.S. equities, with Nasdaq futures hitting a high since early July. However, U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, marking the largest withdrawal in six wee...
