-
Ethereum Price Forecast: BitMine expands ETH accumulation amid crypto treasury pressure
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped 42,197 ETH last week, extending its weekly accumulation streak of the top altcoin. The purchase has pushed the company's total ETH holdings to 5.74 million ETH worth roughly $10.27 billion at the time of writing. BitMine also declared holdings of 206 Bitcoin (BTC), a $180 million stake in Beast Industries, a $71 million stake in Worldcoin treasury, Eightco Holdings (ORBS) and total cash and marketable securities of $527 million. BitMine Chairman Thomas Lee noted an increase in the odds for passage of the Clarity Act. "We believe ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From tradersunion.com | 26 hr ago
As reported by Cointelegraph, Bitmine said Monday that it added about $74 million worth of Ether to its balance sheet, lifting its holdings to 5,742,237 ETH as of Sunday. The company says that represents an increase of 42,197 Ether from the level it disclosed last week, based on a token valuation of roughly $1,759 at the time the holdings were reported. At ...
From cointelegraph.com | 30 hr ago
Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Data from TradingView showed BTC/USD dropping to near $61,000, sparking daily losses of more than 4%. A rebound at the start of the US session pushed the price higher before settling around the $62,000 mark at the time of writing. ...
From moneycheck.com | 8 hr ago
Strategy converted 3,588 Bitcoin into $216 million in cash, prompting immediate analysis of its treasury management approach. Grayscale researchers characterized the transaction as a balance sheet optimization rather than a bearish signal. The firm suggested this approach could contribute to establishing a more sustainable price foundation for Bitcoin. ...
