Bitmine has made its largest Ethereum (ETH) buy of the year during the recent 
market dip, reaffirming the firm’s bullish outlook on the leading altcoin and 
continued accumulation strategy. Related Reading: Bitcoin At A Crossroads: Two 
Key Levels Will Define BTC’s Next Major Move, Analyst Says Bitmine Ramps Up 
Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world&#8217;s 
largest Ethereum treasury, announced its largest purchase since December 2025, 
having acquired roughly $238 million in ETH over the past week. In its latest 
update, the company shared it purchased 111,942 ETH during the recent market 
pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman, 
Tom Lee, affirmed that last week’s correction represented “an attractive 
opportunity” to increase the company’s holdings. “We continue to expect a 
supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall 
Street tokenization and agentic-AI. And thus, we continue to steadily acquire 
ETH, with Bitmine now owning nearly 5.4 million ETH tokens,” stated Lee. Now, 
the company’s crypto and cash holdings have reached $12.3 billion at current 
prices, comprised of 5,390,404 ETH at $2,134 per token, 203 Bitcoin (BTC), a 
$200 million stake in Beast Industries, an $95 million stake in Eightco 
Holdings as part of its “Moonshots” initiative, and total cash worth $444 
million. The latest buy has pushed BitMine’s Ethereum holdings closer to its 
goal of controlling 5% of ETH’s 120.7 million supply, reaching 4.47% of the 
supply, 89% of its goal, in just 11 months. As a result, “Bitmine is expected 
to reach the ‘alchemy of 5%’ sometime in 2026,” the chairman affirmed. In 
addition, the company revealed that 4,712,917 ETH of its holdings, worth about 
$10.1 billion, have been staked. Lee also shared that, “At scale (when 
Bitmine’s ETH is fully staked by MAVAN and its staking partners), the 
projected ETH staking reward is $276 million annually (using 2.75% 7-day BMNR 
yield).” Analysts Eye $1,850 Support Recently, Lee suggested that Ethereum 
could rally toward new highs by the end of the year, based on his belief that 
the “crypto winter is over” and a recovery rally could take place over the 
coming months. However, some market observers have warned that a long-term 
bullish rally is not likely this year. In an X post, analyst Ali Martinez 
highlighted that ETH has been trading within a broad, multi-year range since 
2021. After falling back to the channel’s lower half earlier this year, the 
altcoin recently faced a “clean rejection at the mid-range of this structure,” 
which coincided with a rejection from the 200-week Simple Moving Average 
(SMA), signaling weakness. Related Reading: XRP, ETH, SOL, LINK Look Cheap—The 
Catalysts That Could Drive The Next Leg Up As the price fails to reclaim this 
area, the analyst noted that the most critical level to hold remains $1,850, 
explaining that a weekly close below this support would likely trigger 
downside acceleration. He suggested that this could open a great opportunity 
for investors, based on the MVRV Pricing Band: Right now, the highly watched 
0.8 MVRV Pricing Band is sitting right around $1,850. Historically, whenever 
Ethereum drops below the 0.8 MVRV band, the move is not sustained for very 
long. (…) History shows that this exact zone represents a high-probability 
macro accumulation window that builds the ultimate foundation for the next 
major bull market. Lastly, he affirmed that to invalidate the bearish 
scenario, ETH would need two clear triggers: a reclaim of the 200-week SMA, 
located around $2,500, and a clean break above the 50-week SMA around $3,100. 
Featured Image from Unsplash.com, Chart from TradingView.com

Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion &#8230;

BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy

XRPL Foundation proposes AMM curve upgrade with StableSwap and concentrated 
liquidity to improve XRP Ledger DeFi, stablecoin and RWA markets.

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Rising tensions could destabilize the Middle East, impacting global oil 
markets and increasing the risk of broader military conflicts.
The post Israel intensifies military actions as US-Iran tensions rise in 
Strait of Hormuz appeared first on Crypto Briefing.

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Israel intensifies military actions as US-Iran tensions rise in Strait of Hormuz

Israel&#8217;s rapid targeting of Hamas leaders highlights its strategic focus on 
dismantling the group&#8217;s military leadership amid ongoing tensions.
The post Israel kills Hamas armed wing chief Mohammad Odeh in Gaza strike 
appeared first on Crypto Briefing.

Israel&#8217;s rapid targeting of Hamas leaders highlights its strategic focus on dismantling the group&#8217;s military leadership amid ongoing tensions. The post Israel kills Hamas armed wing chief Mohammad Odeh in Gaza strike appeared first on Crypto Briefing.

Israel kills Hamas armed wing chief Mohammad Odeh in Gaza strike

India’s market regulator has moved ahead with a pilot project for tokenized 
corporate bonds, testing whether distributed ledger technology can improve 
liquidity and settlement efficiency in the country’s debt markets. Speaking on 
the sidelines of the CareEdge Debt Market Summit…

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Sharplink and Forward Industries are set to enter the Russell 2000 and Russell 
3000 indexes on June 29. The additions could raise institutional visibility 
for two public companies built around large ethereum and solana treasury 
strategies. Crypto Treasury Firms Go Mainstream With Russell Index Inclusion 
Sharplink Gaming is set to join the Russell 2000 and […]

Sharplink and Forward Industries are set to enter the Russell 2000 and Russell 3000 indexes on June 29. The additions could raise institutional visibility for two public companies built around large ethereum and solana treasury strategies. Crypto Treasury Firms Go Mainstream With Russell Index Inclusion Sharplink Gaming is set to join the Russell 2000 and &#8230;

BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy

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