Bitmine Just Locked $340M More In Ethereum – Supply Keeps Shrinking
Ethereum is testing $2,000. The market is uncertain. And a few hours ago, one institution decided that uncertainty was the right time to commit another $340 million. Related Reading: The Last Time Oil Did This, Bitcoin Did Not Exist – BTC Faces Its First Real Stress Test Data from Arkham Intelligence has identified a transaction […]
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Chainlink has been struggling. The altcoin market is brutal. And quietly, the largest players in the market appear to have started paying attention to LINK in a way they are not paying attention to everything else. Related Reading: Bitmine Just Locked $340M More In Ethereum – Supply Keeps Shrinking Analyst Darkfost has identified a pattern […]
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 […]
BitMine Immersion has reportedly accumulated a staggering 319,000 ETH in just a single week. The massive purchase, worth over a billion dollars, underscores growing conviction in Ethereum’s long-term value among institutions and big players, tightening market liquidity. Could This Trigger An Ethereum Supply Crunch? In a move that highlights the growing institutional confidence in Ethereum, Paul Barron has mentioned on X that BitMine Immersion has just absorbed 319,000 ETH in a single week, which is equivalent to 0.26% of Ethereum’s total supply removed from circulation. Related....
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....