BitMine adds 5.54M ETH to treasury, hits $9.6B crypto hold
BitMine's June 8 update shows 5.54M ETH stacked at $1,630 per coin — a $9.6B treasury bet that doubles as a public-company proxy for institutional ETH conviction.
Institutional crypto activity — corporate treasuries, custody mandates, pension and endowment moves, and bank involvement.
BitMine's June 8 update shows 5.54M ETH stacked at $1,630 per coin — a $9.6B treasury bet that doubles as a public-company proxy for institutional ETH conviction.
BlackRock moved in opposite directions across its two largest crypto positions, selling 3,671 BTC worth approximately…
Two former US market chiefs in one boardroom is the headline: Backpack is loading up on regulatory credibility precisely as the CFTC opens the door to regulated bitcoin perpetuals on US soil.
Janus Henderson, the $370 billion global asset manager, has taken a position in ENA — the governance token of Ethena…
GSR, the crypto-native market maker and trading firm, has received approval from FINRA to complete its acquisition of a…
The outflow is a sliver of the $75B ETF asset base — but the $60B-to-$12B inflow collapse year-on-year is the structural story, and a 20% BTC drawdown makes the rotation harder to dismiss.
Binance's newly launched stock trading product has crossed $400 million in assets under management within its first…
A Chinese mining-pool chief argues the post-2022 acquirer's debt is too small to force sales even in a deeper drawdown — and that limited coin disposals to fund the STRC dividend keep it a net buyer.
Tom Lee's publicly traded crypto firm Bitmine has acquired an additional 25,000 ETH — worth approximately $42.03…
Family offices and sovereign funds are using the slide from $126K as a discount-buying window — and the 15% ETF-ownership drawdown versus a 50% price drop shows the bid is far thinner than the chart…
The weekly RSI just printed bullish divergence — the only other time it did was the 2022 floor — and Saylor's $101M buy lands a week after the $2.5M sale that triggered the bear-case headlines.
Public-company treasuries added 4,508 BTC and 126,971 ETH in a single week — DEX volume also rebounded 64–69% WoW, painting a broader risk-on tilt.
Both calls land after a sharp drawdown — and the "Strategy never sells" thesis, not the price chart, is the line the market is now watching.
Bitmine is now 92% of the way to its 5% of circulating ETH target after a sharp week-over-week jump in accumulation — and the chairman is buying harder into a ~30% drawdown.
The 1,550 BTC purchase is a routine data point; the quiet lift of the USD Reserve from $900M to $1B is the more telling signal about how the next tranche gets funded.
Bitmine disclosed it acquired 126,971 ETH over the past week, lifting its total Ethereum holdings to 5.54 million ETH —…
Bitmine now owns 4.59% of all ETH and is 92% of the way to its "Alchemy of 5%" target — but the position is sitting on a $9.88B unrealized loss at an average cost of ~$3,460.
The buy is routine for Saylor's playbook, but the math underneath tells the institutional story: average cost is now $75,680 against a market roughly 17% below it, and he's still adding.
BitMine, the crypto treasury vehicle backed by Fundstrat co-founder Tom Lee, has acquired 126,971 ETH valued at…
Michael Saylor's Strategy has acquired 1,550 Bitcoin for approximately $98 million, continuing the firm's relentless…