BitMine Absorbs 101K ETH in a Week, Pushing Treasury to 5.18M
BitMine's third straight week of 100K+ ETH buys lifts the corporate treasury to 4.3% of supply, while Tom Lee frames the cycle inflection as a new Crypto Spring for Ethereum.
Ethereum ecosystem — ETH staking, validator activity, and base-layer protocol news.
BitMine's third straight week of 100K+ ETH buys lifts the corporate treasury to 4.3% of supply, while Tom Lee frames the cycle inflection as a new Crypto Spring for Ethereum.
Bitmine has now staked 4.55M ETH — nearly 88% of its total holdings — extending one of the largest corporate ETH treasury positions on public record.
The fundstrat chairman is running the most aggressive corporate ETH accumulation on record: 4.29% of total ETH supply acquired in ten months, with $10.2B of it already earning staking yield.
A wallet tagged 0xd0b2, possibly linked to the Ethereum Foundation, deposited 1,744 ETH — roughly $4.03 million — to…
Bitmine has now staked 4.19M ETH — over 82% of its treasury — putting the company among the largest single stakers on Ethereum and adding real depth to the institutional staking thesis.
Two consecutive up months and a staking rate above 30% are the structural read — May's historical +28–31% average is the seasonal overlay the trade is now leaning into.
Upbit's 13M-user exchange will run its own sequencer — a model the Optimism Foundation is now packaging as a new "Self-Managed" enterprise tier aimed at regulated operators who won't rent their chain.
With 4.29% of total ETH supply locked and 84% of it staked, BitMine is closing in on its '5% Alchemy' target while Strategy sits out — the corporate-treasury rotation has a clear new leader.
Bitmine's 101,745 ETH addition extends the largest corporate ETH treasury on record, with 84% of holdings staked — a structural bid on Ethereum-native yield the market has few precedents for.
The gas-limit jump from 60M to ~200M is the structural story; the price tape is still waiting on a clean close above resistance to confirm the move.
A 3x jump in L1 execution capacity from a single upgrade would structurally re-price mainnet block space — and, if demand stays flat, pin fees near zero for years.
The volume of ETH queued for unstaking has spiked 72,000% over the past two weeks, a move that stands out even against…
BitMine has staked approximately 83% of its Ethereum holdings, a notable step up from the 70% figure reported…
Staking now locks over 30% of supply, staking-enabled ETFs are pulling inflows, and the Pectra upgrade has made large-scale validator operations more attractive — May has historically averaged…
BitMNR took the other side of the desk. Across its three most recent OTC sales, the Foundation has now offloaded 25,000 ETH at a weighted average near $2,280.
The Ethereum Foundation has sold 10,000 ETH, valued at approximately $23 million at current prices. Foundation wallet…
The Ethereum Foundation has completed the sale of 10,000 ether to BitMine, confirming the transaction as part of a…
The Ethereum Foundation sold 10,000 ETH through an over-the-counter transaction at an average price of $2,292.15, with…
Tom Lee's Bitmine crossed a structural threshold — 10.5% of all staked ETH sits with a single corporate treasury, concentrating validator influence in a way the network hasn't seen before.
Seven-day cumulative outflows now top $540M across the two largest spot products, while Solana ETFs print their first sustained green streak since launch.