BitMine Buys More ETH as Counterpart Strategy Sells BTC
Hızlı Bakış
- ETH treasury firm BitMine Immersion Technologies purchased $52 million in ETH, now holding 4.48% of the circulating supply.
- Its BTC counterpart, Strategy, sold $2.5 million in BTC for dividends.
- ETH prices have fallen below $2,000.
Yapay zekâ özeti
Neden Önemli?
Ethereum treasury firm BitMine Immersion Technologies has continued to increase its ETH holdings, while its Bitcoin-focused counterpart, Strategy, has sold BTC for the first time since 2022 to fund dividends. Ethereum's price has recently fallen below $2,000.
In brief
ETH treasury firm BitMine Immersion Technologies added another $52 million in Ethereum.
Meanwhile, its Bitcoin counterpart Strategy sold $2.5 million worth of BTC to fund its dividend-paying preferred stock.
BitMine now holds around 4.48% of the Ethereum circulating supply, valued at more than $10.6 billion.
Publicly traded Ethereum treasury firm BitMine Immersion Technologies once more added to its ETH position last week, even as its Bitcoin-centric counterpart Strategy sold BTC for the first time since 2022.
BitMine purchased another 26,497 ETH or around $52 million worth as Ethereum trades at $1,967 on Monday, dipping below $2,000 for the first time since March 29, according to data from CoinGecko.
“In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring,” said BitMine Chairman Tom Lee in a statement. (Disclaimer: Tom Lee is an investor in Dastan, Decrypt’s parent company.)
BitMine’s latest purchase is a big step down from last week’s buy of nearly 112,000 ETH, its largest of 2026. Last month, Lee said the firm might slow its aggressive acquisition pace as it didn’t want to reach its goal of 5% of the token supply too quickly, saying “there’s other things to be doing in crypto right now.”
BitMine now holds 5,416,901 ETH in total, or about 4.48% of the circulating Ethereum supply. In addition to its $10.6 billion ETH treasury, it also boasts around $446 million in cash and 203 BTC valued at $14.5 million.
Shares in the firm (BMNR) have fallen around 1.3% on Monday, recently changing hands around $19.02. At that mark, shares are now down more than 34% in the last six months of trading and 88% off their 52-week high of $161.
Meanwhile, Ethereum’s slide below $2,000 comes following a nearly 15% decline in the last month of trading, and a more than 60% fall from its August all-time high of $4,946.
Predictors on Myriad, the prediction market from Decrypt’s parent company, increasingly favor a drop to $1,500 before ETH rebounds to $3,000. The market, which asks predictors to forecast Ethereum’s next price stop, makes odds of hitting $1,500 first about 67%.
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Yapay zekâ öngörüsü — kesinlik taşımaz
Ethereum price to drop to $1,500 before rebounding to $3,000.
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Açık Sorular
- Will BitMine reach its 5% ETH supply goal?
- What is the long-term impact of Strategy's BTC sale on its dividend payouts?
- Will Ethereum fundamentals eventually be reflected in its price?
- What is the outlook for the 'crypto spring' mentioned by Tom Lee?
