Ethereum (ETH) price is playing hide-and-seek with the $2,000 psychological level after Strategy's first Bitcoin sale in years rattled the market, and the on-chain reaction split in two: large holders pressing the short side, and Hyperliquid traders quietly fading them.
Bitmine is aiming to hold 5% of the total circulating supply of 120.6 million Ether tokens and is about 90% of the way to its target after its latest purchase.
Justin Bons, the CIO of Cyber Capital—described as Europe's oldest crypto investment fund—used X (previously Twitter) on Monday to deliver a pointed critique of Ethereum (ETH) and its co-founder Vitalik Buterin.
Ethereum price started a fresh decline and traded below $1,980. ETH is now consolidating below $2,000 and might continue to move down.
Ethereum (ETH) is facing renewed bearish sentiment after Bankless co-founder David Hoffman revealed that he had sold his ETH holdings. His decision has sparked widespread discussion across the crypto market, especially because Hoffman has long been one of Ethereums strongest supporters.
Ethereum could emerge as one of the biggest beneficiaries of the growing real-world asset (RWA) tokenization trend after Citigroup projected that the tokenized securities market could expand from $17 billion today to as much as $5.5 trillion by 2030. The banking giant also noted that even under a slower adoption scenario, the market could still reach $2.7 trillion within the next few years.
Bitmine Immersion Technologies added 26,497 ETH last week, lifting its total ethereum holdings to 5,416,901 coins valued at roughly $10.85 billion and bringing the company within striking distance of owning 5% of ethereum's entire circulating supply.
Weekly acquisition: The digital treasury company added a total of 26,497 ETH during the last seven-day period evaluated. Capital investment: The estimated value of the assets acquired by the firm amounted to approximately $53 million in the current market. Accumulated reserves: The entity's institutional treasury exceeds 5.2 million Ethereum tokens on its balance sheet.
Bitmine (BMNR) has once again purchased ETH this week, acquiring 26,497 ETH for about $53 million, a massive 75% cut from its last weekly purchase of 120,000 ETH. This comes amid dips in the company's stock in addition to a drop in Ethereum's market performance in the past week.
In a research post published Monday, Buterin proposed creating index-tracking assets using options contracts rather than the debt-based structures that underpin much of DeFi today.
A week after notching its largest purchase of 2026, BitMine was back in the order books, accumulating more Ethereum.
A security researcher known as 0xflorent recovered roughly 1,003.62 ETH, worth approximately $2 million, that had been trapped inside a failed 2016 Ethereum ICO smart contract for nearly nine years.