Bitmine Buys 20,000 ETH During Market Panic, Defying Bearish Sentiment – Blockonomi

TLDR: Bitmine added 42,000 ETH in one week, reflecting continued accumulation during heightened market volatility The last purchase of 20,000 ETH occurred near the market low, indicating strategic timing rather than reactive buying Staking remains central to Bitmine’s model, with expected annual rewards tied to validator expansion plans Bitmine shares are trading below NAV despite […]

BitMine’s unrealized losses amount to $3.7 billion while the price of Ethereum (ETH) remains stuck below $3,000

A recent report discussed how Digital Asset Treasury (DAT) companies like BitMine and Strategy are sitting on billions of dollars in unrealized gains as Ethereum (ETH) and Bitcoin (BTC) lose crucial support levels. Related reading DATs face ‘increasing scrutiny’ On Thursday, crypto insights firm 10x Research said reported that the largest Ethereum Treasury company, BitMine […]

Bitcoin’s Drop Below $90,000 Leads to Bold Claims from Crypto Executives: ‘This is a Generational Opportunity’

Bitcoin fell below $90,000 this week, a level it hasn’t reached in seven months, according to data. Traders watched nervously as the flagship token moved around $90,700, leaving it roughly 25% below its recent all-time high of just over $126,000 on October 6. Markets noted that a major liquidation event on October 10 is still […]