Weekly acquisition of 101,745 ETH marks fourth consecutive week of accelerated buying
BitMine's Ethereum acquisition may drive price increases and reflects growing institutional interest amid geopolitical tensions. BitMine Immersion boosts Ethereum holdings to over 4.2% of total supply.
Tom Lee's BitMine Immersion Technologies made its third straight weekly Ethereum buy above 100K ETH as the coin continues rising.
David Schwartz said that he would not have sold ETH at $1.05 if he had believed there was even a 1% chance it would reach $2,368. The comment reopened one of the Ripple veteran's most striking early Ethereum decisions.
Bitmine's latest ETH purchase comes as Lee cited progress on digital asset regulation CLARITY Act as a key catalyst for crypto markets.
Base Chain to add ZK Proofs with Succinct's SP1 zero-knowledge virtual machine.
The company now holds almost 5.2 million ETH.
Bitmine added 101,745 ETH, lifting holdings to 5.18m tokens and $13.1B in crypto and cash as staked ETH reached $10.2B.
An Arbitrum forum update flagged rising scrutiny around a restriction notice tied to the proposed release of frozen ETH from the Kelp-related rsETH incident. The post asked for input from Entropy, Offchain Labs, the Arbitrum Foundation and the Security Council before the process advances further.
A daily close above $2,375 could open the door to an ascent to $2,550, one analyst predicted.
The largest crypto reversed sharply from a $80,594 high after Iran's Fars news agency claimed two missiles hit a U.S. warship, with oil spiking 5% before the U.S. denied the report.
Ethereum price faces $2,500 resistance as charts show $2,100 support, weekly 200MA rejection, and a possible $4,900 target.