News linked to both this project and an event.
on-chain analyst Ember CN posted on X, stating that Strategy sold 32 BTC for the first time last week at a price of approximately $77,135, totaling $2.47 million. Currently, it holds a total of 843,706 BTC, valued at $60.936 billion, with an average cost of $75,699, resulting in a floating loss of $2.932 billion, or a decline of 4.6%. BitMNR purchased 26,497 ETH last week at a price of approximately $2,061, totaling $54.61 million. Currently, it holds a total of 5,416,901 ETH, valued at $10.763 billion, with an average cost of $3,485, resulting in a floating loss of $8.116 billion, or a decline of 43%.
According to Cointelegraph, Ethereum has broken below the $2,000 mark—the first time since March. Despite the ongoing price weakness, on-chain data indicates retail investors’ “buy-the-dip” sentiment continues to intensify. Santiment notes that historically, excessively optimistic retail sentiment often signals the market has not yet bottomed; genuine buying opportunities typically emerge during phases of market panic. On-chain data platform Glassnode shows that since 2026, whale addresses holding more than 10,000 ETH have reduced their holdings by over 5%. However, BitMine—founded by Tom Lee—still holds approximately 5.21 million ETH, representing roughly 4.31% of the total supply. Technically, ETH has broken below its ascending wedge pattern; analysts believe it may next test the $1,750 level, implying roughly an 18% further downside from current prices.
Bitmine Chairman Tom Lee stated in a post on platform X that FTSE Russell has announced the preliminary list of index additions and deletions, and BitMine Immersion Technologies (ticker: BMNR) has been included in the list of companies under consideration for inclusion in the large-cap Russell 1000 Index.Tom Lee noted that Bitmine's current market capitalization has already exceeded the $5.7 billion threshold for inclusion in the Russell 1000 large-cap index. Since many active fund managers only invest in Russell 1000 components, if BMNR is officially added to the index, it could attract more institutional capital attention.Additionally, the market generally expects that approximately 20% to 25% of a stock's market capitalization is typically held by passive index funds and ETFs, meaning that eligibility for the Russell 1000 may further increase expectations for related passive capital inflows.
According to on-chain analyst Onchain Lens (@OnchainLens), BitMine—the leading Ethereum treasury company—staked an additional 107,992 ETH, valued at $248 million, two hours ago. Its total staked ETH now stands at 3,923,389 ETH, valued at $8.98 billion.