Bitmine's 5.93 million ETH treasury and expanding staking income strengthen BMNR's bullish outlook as its total holdings climb to $15.7 billion in 2026.
Abraxas Capital has added 13,000 ETH worth about $32.39 million in the spot market, offsetting a 141,180 ETH short on Hyperliquid valued near $353.27 million. Abraxas' Buy The purchase was brought to light earlier today, with the firm acquiring 13,000 ETH in the spot market for about $32.
Ethereum's quantum push gains momentum as faster finality and zkEVM advances bring key upgrades closer to deployment.
BitMine now holds 5.93 million ETH, worth roughly $14.8 billion, representing 4.9% of total supply and bringing it close to its 5% target.
The Ethereum Foundation has set a December 2029 deadline to make Ethereum resistant to potential quantum computing attacks, giving the blockchain a head start before quantum machines could threaten existing cryptographic systems. The target covers critical parts of Ethereums infrastructure, including transaction processing, validator security and data storage.
The ability to pay for transactions without actually holding ETH comes as a double-edged sword for Ethereum traders.
Bitmine Immersion Technologies (BMNR), the largest Ethereum-focused crypto treasury company, purchased another 28,086 ether (ETH) last week as it moves closer to its ambitious target of owning 5% of Ethereums total supply. The latest Ethereum acquisition was worth approximately $69.4 million based on ETHs Tuesday price of around $2,472.
The company says it holds roughly 4.9% of Ethereum's supply, with most of its tokens staked to earn rewards.
BitMine Immersion Technologies has moved within a fraction of its goal of owning 5% of Ethereum's supply after adding 28,086 ETH over the past week.
BitMine Immersion Technologies has made another large Ethereum buy, acquiring a total of 28,086 ETH in the past week. Meanwhile, Chairman Tom Lee remains bullish on the future of ETH price after the recent rally.
Ethereum has entered a consolidation phase after a sharp recovery from the $1.5K area. The cryptocurrency is now trading slightly below $2.5K, holding relatively firm despite repeated tests of the upper end of its recent range.
Bitmine bought 28,086 ETH, boosting its treasury to 5.93 million tokens worth $14.8 billion and representing 4.9% of Ethereum's total supply.