Tag: ETH

BitMine Expands $10B Ethereum Treasury With $73M ETH Purchase

Key highlights: BitMine acquired 42,197 ETH, worth about $73 million, last week The purchase comes amid the recent Ethereum price surge While BitMine continues to purchase ETH, Strategy has sold  $216 million in BTC Besides ETH, BitMine also has other holdings, including Bitcoin. According to the available data, the firm holds 206 BTC, $527 million […]

Ethereum Supply Dynamics Turn Favorable as Staking Rises, But Weak U.S. Demand Caps Recovery

Key highlights: Ethereum remains below key EMA resistance levels despite holding support near $1,560 Exchange reserves continue to decline as investors move ETH off exchanges Coinbase Premium Index has fallen to a monthly low, signaling weak U.S. demand Exchange reserves continue to fall On-chain data shows that Ethereum balances held on centralized exchanges continue to […]