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Crypto News

Bitmine shares rise 4.28% after adding 42,197 ETH to treasury

AI Market Summary
Bitmine's purchase of 42,197 ETH lifts its treasury to 5,742,237 ETH (~4.8% of circulating supply) with ~85% staked, highlighting sizable, yield-generating corporate demand for Ethereum. The disclosure acted as a clear catalyst for crypto-linked equities, with BMNR rising despite weakness in peers, while Strategy's BTC sale reinforced diverging investor preferences between expanding crypto treasuries and balance-sheet reallocation.
Impact level
● High
Affected assets
ETH/USDT-0.22%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Bitmine increased its Ethereum (ETH) holdings by 42,197 ETH between June 29 and July 3, taking its ETH treasury to 5,742,237 ETH, or about 4.8% of circulating supply. The company said roughly 85% of its ETH—4,879,157 ETH—is staked, implying an estimated annual staking yield of around $235 million. After the update, BMNR rose 4.28% to $14.98, briefly trading as high as $15.04 during the session.
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