Bitmine Just Staked Another $260M In Ethereum: What’s the Endgame?
Ethereum is struggling to reclaim the $2,400 level as the broader market consolidates and buyers search for the conviction needed to push through overhead resistance. The price chart shows hesitation. The on-chain data, however, is showing something quite different — and it is coming from the same entity that has been quietly reshaping Ethereum’s supply […]
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Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient. The on-chain data is anything but. Related Reading: $2 Billion In Ethereum Leverage Just Evaporated: This Is What Happened Last Time Data from Arkham Intelligence reveals that Bitmine staked another 61,232 ETH — approximately $142 million — just hours ago. Bitmine is not accumulating speculatively and waiting. It is locking its treasury into the network at a pace....
Two massive Ethereum transactions have just flowed out from FalconX, with Lookonchain linking them to ETH treasury company BitMine. BitMine Has Received 48,049 Ethereum From FalconX In a new post on X, on-chain sleuth Lookonchain has pointed out how BitMine appears to have acquired 48,049 ETH from a hot wallet connected to FalconX, an institutional […]
Buried in Bitmine Immersion Technologies’ latest disclosure is a number that speaks to just how deep the company has gone on Ethereum. Of the nearly 5 million ETH it now holds, 3.33 million is actively staked through its validator platform, generating more than $200 million in annualized staking revenue. Related Reading: Ceasefire Drama Escalates—Trump Points […]
Ethereum treasury company Bitmine has announced that it loaded up on 71,179 ETH over the past week, taking its supply share to 3.92%. Bitmine Has Continued Its Aggressive Ethereum Accumulation As announced in a press release, Bitmine participated in additional Ethereum buying during the last week. In total, the firm has added 71,179 ETH with […]
Ethereum treasury companies Bitmine and Sharplink continue to advance their ETH strategy amid the current crypto market downtrend. Bitmine, in particular, continues to accumulate ETH at a steady pace, with the company close to its goal of holding 5% of the token’s supply. Ethereum Treasury Company Bitmine Adds More ETH In a press release, Bitmine […]