Bitmine Slows ETH Buying to Weakest Pace Since June, Redirects $86M to Share Buyback
Bitmine added just 7,430 ETH last week — its slowest pace since June 2025 — while spending $86M to repurchase BMNR stock, with 96% of its 5% supply target reached.
Ethereum news and analysis — network upgrades, staking, layer-2 scaling and the ETH economy.
Bitmine added just 7,430 ETH last week — its slowest pace since June 2025 — while spending $86M to repurchase BMNR stock, with 96% of its 5% supply target reached.
Morgan Stanley completes E*TRADE spot crypto rollout — Bitcoin, Ethereum, and Solana trading live for 8.6M clients at a flat 0.50% fee via Zero Hash.
Bitmine has accumulated 5.7M ETH (~4.8% of supply) and is slowing purchases near its 5% cap. With ETH at $1,816 and Fear & Greed at 27, the $10B bet now needs the market to step in.
EthSystems spun out of the Ethereum Foundation's Institutional Privacy Task Force on July 14, 2026, backed by Bitmine, SharpLink, and Joe Lubin to build confidential transaction infrastructure for banks.
Unconfirmed on-chain reports say the US government transferred ~$288M in seized Bitcoin and Ether to Coinbase Prime as BTC trades at $62,273 amid Extreme Fear.
Vitalik Buterin has published a 'Lean Ethereum' strawmap targeting L1 simplification — framed as Ethereum's third major overhaul as ETH trades at $1,800, up 11.8% weekly.
Nasdaq-listed BTCS Inc. reportedly contributed 9,060 ETH to the community-run Strategic Ethereum Reserve as ETH rallies 13% on the week to $1,781.
Binance recorded $1.23B in weekly net outflows — up 207% week-over-week — as Ethereum withdrawals hit a three-year high amid an Extreme Fear crypto market.