TL;DR BitMine reported 5,983,940 ETH in its treasury, just short of 6 million tokens. The company valued its combined treasury holdings at $17.1 billion.
While Part 1 mapped where capital sat as of early 2026, this analysis picks up the thread in June - when the summer cycle began - and traces how that capital actually moved through June 1 to September 1.
Bitmine Immersion Technologies (BMNR), the worlds largest Ethereum treasury company, purchased another 27,562 ETH last week as Chairman Tom Lee expects institutional demand for crypto to accelerate toward the end of 2026. The latest Ethereum purchase was worth approximately $75.2 million based on Mondays ETH price of about $2,727.
Two ether whales have committed a combined $106.4 million to ETH over five days, and the second-largest crypto asset just traded above $2,700 for the first time since Jan. 31. The Rotation That Hasn't Stopped Over the past five days, a whale sold 1,107 BTC worth $86.76 million on Hyperliquid, bought 34,422 ETH worth $86.
Ethereum's price rebounded to $2,600 as shrinking exchange supply and rising staking tighten the market ahead of the Glamsterdam upgrade.
0G's token expansion across major networks enhances cross-chain interoperability, potentially accelerating decentralized AI and blockchain integration. 0G expands wrapped token to Ethereum, Solana, Base, and Robinhood Chain.
On September 21, Ethereum (ETH) climbed above the $2,600 mark after successfully penetrating a resistance barrier that had limited upside movement throughout the previous month.
The consolidation enhances Ethereum's staking efficiency, reduces computational load, and raises participation standards, impacting network scalability. Bitwise collaborates with Lido on Ethereum validator consolidation in landmark CMv2 rollout.
Ethereum's dominance in euro stablecoins highlights its pivotal role in shaping regulatory-compliant digital finance, impacting market dynamics. Ethereum leads euro stablecoin market cap growth with $32M increase.
ETH retests $2,550–$2,575 as support while analysts watch $2,760 and $3,000 as the next targets
Paradex's innovative approach in DeFi derivatives could challenge centralized exchanges by offering cost-effective, large-scale trading solutions. Paradex facilitates record $16M ETH options trade at lower cost than Deribit.
Ethereum's supply dynamics are tightening as staking and ETF demand reshape the market around $2,500.