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Ethereum gains as BitMine buys ETH while Strategy sells Bitcoin, signaling a shift in institutional crypto interest.

Market News
06 Jul 2026
CryptoTicker
View Source
Bullish
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Ethereum is gaining attention as BitMine, an Ethereum treasury company, continues to accumulate and stake ETH, now holding about 4.8% of Ethereum's total supply. Meanwhile, Michael Saylor's Strategy sold some Bitcoin to fund dividends, challenging the belief that it only buys BTC. This contrast suggests a possible institutional rotation from Bitcoin to Ethereum, giving ETH a fresh narrative beyond just following Bitcoin's price. Ethereum's price could rise above $1,850 if Bitcoin holds above $63,000 and BitMine's buying continues, potentially outperforming Bitcoin in the short term.

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