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Bitcoin's divergence is deepening as macro risk improves. What about on-chain signals though?

 

SpaceX holds $1.3 billion in bitcoin. Now it's a public company, and Wall Street wants answers.

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BitMine Immersion Technologies ($BMNR) is escalating its Ethereum-heavy treasury pivot after disclosing a combined crypto-and-cash reserve valued at roughly $9.6 billion, a stockpile anchored by more than 5.5 million Ether (ETH). The company says that position represents about 4.59% of Ethereum's total supply, underscoring an aggressive accumulation campaign that is increasingly positioning BitMine as a publicly traded proxy for large-scale ETH exposure and 'staking yield'.