A Bitcoin wallet dormant since the cryptocurrency traded near $6,500 has transferred 2,931 BTC worth about $188 million, reviving onchain activity after seven years.
Bitmine Immersion Technologies (NYSE:BMNR) bought 27,801 Ethereum (CRYPTO: ETH) for $50 million last week, pushing its total holdings to 5.77 million ETH worth $10.2 billion. Bitmine Nears Its 5% ETH Supply Goal With $284M In Annual Staking Potential The firm now holds 4.8% of the entire ETH supply, sitting 96% of the way to what Lee calls the “alchemy of 5%” — a threshold the company expects to cross sometime in 2026.
Renewed institutional confidence in Bitcoin and Ethereum ETFs may stabilize the crypto market, potentially supporting a bullish trend. Bitcoin, Ethereum ETFs see significant inflows, reversing outflows trend.