Bitmine Adds 127K ETH as Tom Lee Calls Selloff 'Superficial'
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.
Institutional crypto activity — corporate treasuries, custody mandates, pension and endowment moves, and bank involvement.
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…
Vivek Ramaswamy's asset management firm Strive has purchased 32 Bitcoin valued at approximately $2 million, marking the…
Tom Lee's reversal matters more than the headline figure: the largest ether treasury just told the market the pullback is a buying opportunity, even as it pushes toward its 5% supply target.
The 1,550 BTC add lands at a 14% discount to Strategy's $75,680 average cost basis — the company is buying back into weakness with $1B of dry powder, and the MVRV Z-Score is flashing prior-cycle…
Saylor is buying again — and the move that spooked markets last week looks less like an end to accumulation than a dividend-driven liquidity event now safely buffered.
Saylor's first buy disclosure since the symbolic 32 BTC sale in early June lands with the stack now worth ~$53.5B and paper losses near $10.5B — the accumulation cadence is back on, but the company…
Strategy has acquired an additional 1,550 Bitcoin for approximately $101.3 million, bringing its total corporate…
The 10% ceiling is the headline; the structural story is that mainstream UK fund wrappers — UCITS included — can now carry regulated crypto exposure without being reclassified as restricted…
BlackRock transferred 3,580 BTC — worth approximately $226.8 million — to Coinbase Prime in a single on-chain deposit…
The contracts track the CME CF Bitcoin Volatility Index and let institutions express a pure view on four-week BTC turbulence without picking a direction, broadening the regulated crypto hedging…
The bank cut its digital-assets view to cautious, sees Strategy's BTC reserve covering only ~6.3 months of preferred dividends, and now puts CLARITY Act passage this year under 50%.
The read from one of China's largest miners: even at a $30K BTC print, Strategy's leverage only roughly doubles — and its STRC interest math still works, keeping the never-sell narrative intact.
The swing captured roughly $33M of paper alpha on $188M of pre-crash supply — a textbook top-tick distribution from a long-dormant wallet that the market read as a signal in real time.
Nvidia CEO Jensen Huang dismissed concerns about the global chip stock selloff with characteristic confidence, telling…