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BitMine, the largest corporate Ether holder, buys $199 million in ETH. This move aggressively drives the firm closer to its 5% Ether supply target. BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip. This occurs despite the efforts of the most successful traders in the industry betting on the price fall […] The post BitMine Nears 5% Ether Supply Target After New Purchases appeared first on Live Bitcoin News.

The post BitMine Nears 5% Ethereum Supply Target With $199 Million Purchases appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies has boosted its Ethereum holdings to 3.08% of the total supply through $199 million in recent purchases, edging closer to its 5% target amid a cooling market. This aggressive strategy highlights the firm’s confidence in Ethereum’s long-term potential despite short-term bearish trends. Recent Purchases: BitMine acquired $130.7 million in ETH on Friday and $68 million on Saturday, totaling $199 million over two days. Current Holdings: The firm now controls approximately $11.3 billion worth of ETH, representing 3.08% of Ethereum’s total supply. Market Context: Corporate ETH accumulation dropped 81% in three months, from 1.97 million ETH in August to 370,000 ETH in November, yet BitMine purchased 679,000 ETH last month. Discover how BitMine’s Ethereum acquisitions are reshaping corporate crypto strategies. With holdings nearing 5% of ETH supply, explore the implications for investors in this bullish move amid market caution (152 characters). What is BitMine’s Strategy with Ethereum Acquisitions? BitMine Ethereum acquisitions form a core part of the company’s long-term vision to become a dominant player in the Ethereum ecosystem by targeting ownership of 5% of the total ETH supply. Through strategic, large-scale purchases totaling $199 million in just two days, BitMine has increased its holdings to $11.3 billion, or 3.08% of all Ethereum in circulation. This approach underscores the firm’s belief in Ethereum’s foundational role in the digital economy, even as broader market sentiment remains cautious. How Do BitMine’s Recent ETH Purchases Impact the Market? BitMine’s latest Ethereum acquisitions, including a $130.7 million buy on Friday and a $68 million purchase on Saturday, demonstrate a contrarian stance against industry trends. While corporate digital asset treasury activity has declined sharply—dropping 81% over three months, with net ETH accumulations falling from 1.97 million units in August to 370,000 in November—BitMine has aggressively expanded its position. In the past month alone,…

The post BitMine nears 5% Ether supply target with fresh $199M accumulation appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies (BMNR), the publicly traded crypto-treasury firm, has inched significantly closer to its ambitious target of controlling 5% of Ethereum’s total supply, thanks to a recent wave of large purchases that total roughly $199 million. The company, by far the largest corporate holder of Ether in the world, has accumulated the figure in just the last two days, according to new blockchain tracking data. The acquisitions were made in two large purchases: the first on Friday for $130.7 million, and another for $68 million on Saturday. These purchases bring the total of Ether held by BitMine to approximately $11.3 billion, which is about 3.08% of all ETH in existence at the time of this press release. The company is now edging closer to its long-time goal of capturing 5% of the Ethereum network. BitMine’s aggressive buying spree pushes forward against the current backdrop – a space where most top-calibre traders and institutional participants are short-term bearish on Ether. BitMine speeds up acquisitions, despite an industry slowdown The broader corporate Ethereum market has cooled sharply. Among the largest companies, net treasury savings, excluding its flagship company product, reached a seven-quarter high of $67.5 billion. Digital asset treasury activity – that segment that monitors corporate purchases of large cryptos has decreased 81% in just 3 months. In August, businesses combined accumulated 1.97 million ETH, but that number dropped significantly in November to just 370,000 ETH. BitMine, meanwhile, has taken the opposite approach. The firm has purchased 679,000 ETH (valuing $2.13 billion) in the past month alone. This purchase represented the vast majority of all corporate Ether purchased during that timeframe and demonstrated the company’s increasing dominance and confidence. BitMine management has consistently described its approach as one that invests in the Ethereum platform as a key feature of the emerging digital economy.…

BitMine bought $199 million worth of ETH in two days, bringing its total holdings to about $11.3 billion, or 3.08% of all Ether.

The post AZTEC Token Sale Closes with 19,476 ETH Subscribed; 50% from Community and TGE Expected via On-Chain Governance by Feb 11, 2026 appeared on BitcoinEthereumNews.com. COINOTAG News reports that AZTEC token sale has concluded, tallying 19,476 ETH in subscriptions. Approximately 50% of funding originated from the Aztec community, with 16,741 participants engaged across the network. Holders of 200,000 AZTEC tokens or more are slated to begin receiving block rewards today. The Token Generation Event (TGE) will be triggered by a single on-chain governance vote, with potential timing as early as February 11, 2026. At the TGE, all sale-acquired tokens will be freely transferable. Participation in the TGE vote is restricted to token sale participants and the network’s genesis sequencers. Source: https://en.coinotag.com/breakingnews/aztec-token-sale-closes-with-19476-eth-subscribed-50-from-community-and-tge-expected-via-on-chain-governance-by-feb-11-2026

The post Ethereum Nears Key Resistance with Robust On-Chain Activity and ETF Inflows appeared on BitcoinEthereumNews.com. Ethereum approaches major resistance near $3,500 as it rebounds from $2,616 support, backed by a rising market structure, robust on-chain activity with $70.16 billion in TVL, and sustained ETF inflows exceeding $312 million last week. Ethereum’s price maintains an upward trajectory after breaking out from a descending channel, targeting key resistance zones. On-chain metrics indicate strong network participation, including 474,956 active addresses and $2.218 billion in DEX volume. Exchange supply has declined to 8.84%, while ETF inflows and developer upgrades like Fusaka bolster long-term ecosystem demand. Ethereum approaches major resistance: Analyze price action, on-chain data, and ETF trends signaling robust demand. Stay informed on ETH’s path to $4,000—read expert insights now. What Is Driving Ethereum’s Approach to Major Resistance? Ethereum approaches major resistance following a rebound from the $2,616 demand zone, where buyers stepped in to defend the asset after a rejection at higher levels near $4,866. This movement confirms a shift from a descending channel into a rising structure, with the price now testing mid-range levels around $3,052. Sustained support from on-chain activity and institutional inflows positions Ethereum for potential upside if resistance is overcome. Ethereum moves toward major resistance as rising structure, strong on-chain activity, and continued ETF inflows support growing market demand. Ethereum approaches major resistance as price rebounds from $2,616 and maintains a rising market structure. On-chain data shows strong network activity with TVL at $70.16B and rising ETF inflows supporting demand. Exchange supply drops to 8.84% while developers advance upgrades, reinforcing Ethereum’s broader ecosystem strength. Ethereum trades near its mid-range levels after a steady rebound from recent support, and market data shows price moving toward a key resistance zone that has triggered reactions in past cycles. Analysts say a reversal structure is forming, and buyers are preparing for another test of the upper supply region.…

PANews reported on December 7th that, according to Arkham monitoring, a whale named "0xBADBB" used two accounts with 6x leverage to go long on a total of $314.23 million worth of ETH, HYPE, and XRP. The whale has currently lost a total of $20.46 million.

The post Aztec Completes Public Token Sale with 19,476 ETH Raised appeared on BitcoinEthereumNews.com. Key Points: Aztec Network completes $AZTEC token sale, raising 19,476 ETH. Sale involved 16,741 participants; 50% funds from community. Token sale signals strong demand for private infrastructure. Aztec Network announced on X that the public sale of its AZTEC token concluded on December 6, raising 19,476 ETH from 16,741 participants, with significant community involvement. The successful sale underscores strong investor interest in privacy-focused Layer 2 solutions, highlighting Aztec’s community-centric approach and its potential impact on Ethereum’s scaling and privacy solutions. Aztec Collects 19,476 ETH via Community-Driven Auction Aztec Network concluded its $AZTEC token public sale, achieving 19,476 ETH in subscriptions, with 16,741 participants. Half of the funds reportedly came from community members, highlighting significant interest in private Ethereum scaling. Aztec’s innovative ticker system represents their commitment to privacy solutions. The token sale, orchestrated as a Continuous Clearing Auction in collaboration with Uniswap, generated approximately $59.2 million. Tokens are now available for staking, with sequencers requiring 200,000 AZTEC tokens. Aztec just pulled off one of the cleanest, most community-aligned token launches we’ve seen. 16.7k participants, 19.5k ETH, half from real users – that’s how you build a sovereign, private L2. The absence of institutional allocations was emphasized as a positive sign. Ethereum Market Dips as Privacy Demand Grows Did you know? Aztec’s fully on-chain token auction aligns with the innovative approaches first popularized by platforms like Uniswap, which previously set a precedent for community-driven token distributions, avoiding traditional venture capital dominance. Ethereum (ETH), used to raise 19,476 ETH in the Aztec sale, currently trades at $3,049.21. With a market cap of $368.03 billion and a 12.06% market dominance, ETH’s price changes are 0.75% over 24 hours and -8.04% over 30 days, per CoinMarketCap data. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 01:31 UTC on December 7, 2025. Source: CoinMarketCap According to…

PANews reported on December 7th that Aztec announced on the X platform that its AZTEC token public sale has ended. The total subscription amount for this public sale reached 19,476 ETH, with 50% of the funds coming from the Aztec community. A total of 16,741 users participated.

The post Bitmine Buys $199M ETH as Smart Money Traders Short ETH appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum’s price fall. BitMine acquired $199 million worth of Ether (ETH) during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data platform Lookonchain. With the latest investments, BitMine now holds $11.3 billion, or 3.08%, of the total Ether supply, closing in on its 5% accumulation target, according to data from the StrategicEthReserve. BitMine’s continued accumulations are a strong sign of conviction in Ether’s long-term growth potential. The company holds an additional $882 million in cash reserves, which may be used for more Ether accumulation. Largest corporate Ether holders. Source: Strategicethreserve.xyz Related: Ethereum ICO whale cashes out $60M after 9,500x gain as top 1% keep buying ETH BitMine’s investment comes amid a significant slowdown in digital asset treasury (DAT) activity, which saw corporate Ether acquisitions fall 81% in three months, from 1.97 million Ether in August to 370,000 in net ETH acquired in November. Despite the slowdown, BitMine accumulated the lion’s share, or 679,000 Ether worth $2.13 billion during the past month. Related: Bitcoin now settles Visa-scale volumes, but most is for wholesale, not coffee Smart money traders are betting on Ether’s price decline The crypto industry’s best-performing traders by returns, who are tracked as “smart money” traders on Nansen’s blockchain intelligence platform, are betting on the short-term depreciation of Ether’s price. Smart money traders top perpetual futures positions on Hyperliquid. Source: Nansen Smart money traders added $2.8 million in short positions over the past 24 hours, as the cohort was net short on Ether, with a cumulative short position of $21 million, according to Nansen. Ethereum exchange-traded funds (ETFs), a significant driver of liquidity for Ether,…