The Ethereum treasury company added nearly 10,000 ETH while expanding its stock buyback, citing ether outperforming bitcoin is sending a bullish signal.
- Bitmine bought 9,946 ether last week, lifting its holdings to 5.79 million ETH ($11.2 billion), or about 4.8% of ether’s circulating supply, as it pursues a long-term goal of owning 5%.
- The company also stepped up share repurchases, buying back 6.1 million shares under its $4 billion buyback authorization, up from 5.5 million the previous week.
- Chairman Tom Lee cited ether’s outperformance of bitcoin and a three-month high in the ETH/BTC ratio, along with ETH’s 24% monthly gain and recent price recovery, as signs of strengthening crypto market sentiment.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
BlackRock offers a glimpse of how tokenization may change your investment portfolio
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
Cathie Wood says smart investors need to start watching where AI agents spend money
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