ChainCatcher news, according to market news, BitMine bought a total of 40,000 ETH from FalconX and BitGo on Monday, worth $84 million, trading at about $2,090.
As of the end of last week, BitMine held 4,325,738 ETH, totaling $914 million. The company has now completed 72% of its goal of capturing 5% of Ethereum’s circulating supply. Additionally, BitMine has staked approximately 67% of its ETH holdings, generating an annualized income of $202 million.
According to Tom Lee, the best investment opportunities in cryptocurrencies usually come after a decline. This market pullback is an attractive entry point given Ethereum’s strengthening fundamentals, and the current ETH price does not reflect its high utility as the core of future finance.
In response to BitMine’s large unrealized losses, Tom Lee pointed out that this is an expected component of the Ethereum treasury strategy during market downturns, and the company aims to achieve excess returns through the full market cycle.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF Records $138.48M Daily Inflow While Ethereum ETF Sees Weekly Outflow of $95.35M
Gate News bot message, according to the March 12 update, Bitcoin ETFs recorded a 1-day net inflow of 1,965 BTC (approximately $138.48 million) and a 7-day net inflow of 321 BTC (approximately $22.65 million).
Ethereum ETFs showed a 1-day net inflow of 19,243 ETH (approximately $39.99 million), but
GateNews5m ago
Zama and GSR Complete First Confidential OTC Transaction on Ethereum, Achieving On-Chain Sensitive Data Encryption Protection
Gate News reports that on March 12, Zama and crypto market maker GSR announced that they have completed the first confidential over-the-counter transaction on Ethereum based on the Zama protocol. The transaction achieved encrypted protection of sensitive data such as transaction size and fund flows on the public blockchain. Zama stated that the transaction aims to eliminate "privacy loopholes" for institutional participants caused by on-chain data transparency. Through fully homomorphic encryption (FHE) technology, transaction details remain encrypted on-chain while ensuring transaction verifiability and settlement finality.
GateNews16m ago
ETH 15-minute surge 0.94%: On-chain capital inflows and technical upgrade expectations resonate to drive gains
2026-03-12 15:15 to 2026-03-12 15:30 (UTC), ETH fluctuated within 1.15%, with price rising from 2047.22 USDT to 2070.72 USDT, achieving +0.94% gains. During the same period, market attention increased, trading volume expanded significantly, volatility enhanced compared to daily levels, and on-chain activity and capital flow data expanded synchronously, indicating concentrated efforts from bullish forces.
The main driving forces behind this price movement stem from concentrated on-chain capital inflows and technical upgrade expectations resonance. On-chain data shows that during the anomaly period ETH activity
GateNews26m ago
DNA Fund associated wallet withdrew 11,067 ETH from a certain CEX 2 hours ago
Gate News Alert: On March 12, according to Lookonchain monitoring, a wallet (0x2b0d) associated with DNA Fund withdrew 11,067 ETH ($22.83 million) from a certain CEX 2 hours ago.
GateNews40m ago
Vitalik Reflects on Ethereum's Essence: The Greatest Value is a "Public Bulletin Board," Positioning Ethereum as Global Shared Memory
Ethereum co-founder Vitalik Buterin reflected on the essence of blockchain following the "Real World Cryptography" conference. He pointed out that Ethereum's core values are a public bulletin board, a sybil-resistant payment system, and standardized smart contracts. Buterin emphasized the importance of the public bulletin board and believed that Ethereum should be viewed as a global shared memory, calling for updated public awareness to overcome past misconceptions about transaction fees.
動區BlockTempo1h ago
ETH 15-minute rise of 0.72%: On-chain capital inflows and bullish sentiment dominating the market
2026-03-12 14:00 to 2026-03-12 14:15 (UTC), ETH spot price showed rapid upward movement with a 15-minute return rate of +0.72%, price range between 2065.45 to 2082.77 USDT, and overall volatility of 0.84%. During this market fluctuation, market attention increased, trading volume rose sequentially, and unilateral buy-side orders drove market sentiment to remain bullish.
The main driver of this price movement was large-scale on-chain capital inflows and the linkage effect between spot and futures markets. On-chain data shows multiple high-net-worth wallets
GateNews1h ago
