Tag: eth

BitMine Buys 5,000 ETH From Ethereum Foundation in $10.2M OTC Deal

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The Ethereum Foundation has finalized an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, a transaction worth about $10.2 million based on the agreed price of $2,042.96 per ETH. In a Saturday post on X, the foundation said proceeds from the sale will support core operations, including protocol research and development, ecosystem growth initiatives and community grant programs. The onchain transfer will originate from an Ethereum Foundation Safe multisignature wallet. BitMine, a publicly traded company on the NYSE American under the ticker BMNR, has emerged as one of…

Ethereum Foundation sells 5,000 ETH to Bitmine to fund operations and grants

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The Ethereum Foundation announced today it executed an OTC sale of 5,000 ETH to Bitmine, the largest Ethereum treasury firm led by Thomas “Tom” Lee. 0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC. For this sale, our OTC counterparty was @BitMNR. — Ethereum Foundation (@ethereumfndn) March 14, 2026 The EF plans to use proceeds from the sale to support its ongoing activities, including protocol research and development, ecosystem growth initiatives, and community grant programs. The Foundation still…

ETH Bulls Target $2.8K But Data Highlights Many Hurdles

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After reaching a monthly high of $2,209 on Friday, Ether (ETH) price fell back below a key monthly resistance, which has been tested five times since February. While onchain data highlights a large cluster of investors near $2,800, Ether’s futures market data shows traders are scaling back positions after this week’s rally. Investors’ $2,800 cost basis highlights a major accumulation zone Data from Glassnode indicated that ETH’s cost-basis distribution heatmap shows a heavy accumulation near $2,800, where more than 3 million ETH were previously purchased. The cost-basis clusters identify the…

Watch These ETH Price Levels Next

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Ether (ETH) traded about 30% below its yearly open of $2,990, as traders grow increasingly risk-averse amid a global conflict and macroeconomic uncertainties. Still, stronger network usage and increasing inflows into ETH accumulation addresses could provide a spark that may see the price finally break $2,200 resistance. Key takeaways: ETH held in accumulation wallets has risen 32% since January, showing strong long-term confidence. Staked ETH reaches a record 37.85 million, representing over 30% of supply. Analysts say Ether bulls must reclaim $2,200 as support  6.5 million ETH increase in accumulation…

BlackRock’s Staked ETH ETF Sees $15.5M on Debut

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BlackRock’s staked Ethereum exchange-traded fund has tallied $15.5 million in trading volume on its first trading day, which a market analyst described as “very, very solid” despite falling short of two similar Solana staking products that launched last year. Nasdaq data shows the iShares Staked Ethereum Trust (ETHB) had 592,804 shares traded on its debut on Thursday, with Bloomberg ETF analyst James Seyffart noting on X that the product turned over around $15.5 million. “Very, very solid for a day 1 ETF launch,” Seyffart said. The ETF invests and stakes…

Anchorage Digital Integrates Puffer to Offer Institutional ETH Restaking

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Anchorage Digital has integrated with Puffer Finance to give institutional clients access to Ethereum liquid restaking through its custody platform. According to Thursday’s announcement, institutions can stake Ether held with Anchorage and receive Puffer’s liquid restaking token, pufETH, directly into their accounts. The token represents a restaked ETH (ETH) position that can be transferred or deployed across supported onchain applications while continuing to earn staking and restaking rewards. Institutions using the platform can participate in restaking without running validators or managing staking infrastructure themselves. The integration allows clients to access…

Ethereum ‘Ultrasound Money’ Pivot Did Not Help ETH Price Beat Bitcoin

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Ether (ETH) has dropped roughly 65% against Bitcoin (BTC) since Ethereum’s 2022 shift to Proof-of-Stake (PoS), casting doubt on the network’s “ultrasound money” thesis. Key takeaways: ETH/BTC three-day performance chart. Source: TradingView Ether’s ultrasound money narrative disappoints The idea behind “ultrasound money” was that Ether would become even scarcer than Bitcoin. Supporters argued that Ethereum’s 2021 EIP-1559 upgrade, which began burning a portion of transaction fees, combined with the sharp decline in new ETH issuance following the 2022 Merge, would make Ether deflationary over time. ETH’s new annual supply rate…

Tom Lee’s Bitmine sends 5,300 ETH worth $11M to Coinbase, possibly for staking

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Bitmine Immersion Technologies (BMNR), the publicly traded Ethereum treasury firm chaired by Fundstrat co-founder Thomas “Tom” Lee, moved 5,300 ETH valued at approximately $11 million to Coinbase Prime today in a move that may signal plans to stake the funds, according to Arkham Intelligence data. A transfer to Coinbase Prime does not necessarily mean the assets are about to be sold. Coinbase Prime is an institutional platform that provides custody, trading, and staking services, meaning deposits can be tied to a variety of treasury or portfolio management strategies. Bitmine announced…

Sharplink posts $734M loss as Ethereum treasury grows to nearly 870K ETH

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Sharplink reported a $734.6 million net loss for 2025 as market volatility weighed on the value of its Ethereum holdings. The company said the loss was primarily driven by $616.2 million in unrealized losses linked to ETH price declines during the second half of 2025, along with a $140.2 million impairment related to LsETH holdings. Those were partially offset by $55.2 million in realized gains from ETH conversions and redemptions. Sharplink ended the year with $28.5 million in cash and $1.9 million in USDC, while total revenue rose to $28.1…