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Bitmine nears its 5% ETH supply goal as Strategy pauses Bitcoin buying
Bitcoin is stuck between macro fear and softer war headlines while Bitmine keeps inhaling ETH and Strategy finally takes a week off.
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Corporate crypto strategies are diverging fast.
Some giants are stepping back from the table. Others are doubling down.
The biggest Bitcoin buyer just went quiet for the first time in months.
Meanwhile, a well-connected fund is quietly cornering a massive chunk of Ethereum's supply.
Here's what it all means for the market right now.
Strategy hits pause on Bitcoin buying after 13-week streak
Strategy made no Bitcoin purchases and sold no shares last week.
The world's largest corporate BTC holder broke a 13-week buying streak as Q2 closes.
When the biggest whale stops swimming, the rest of the ocean notices.
Markets
Trump's Iran diplomacy post jolts crypto markets higher
A Truth Social post claiming "serious discussions" with Iran's new regime rattled traders Monday.
Trump paired the olive branch with threats to obliterate Iran's energy infrastructure if talks stall.
Markets couldn't quite decide how to feel. Equities wobbled while crypto caught a bid.
BTC climbed near $68K, ETH pushed above $2,070, SOL rose toward $84, and XRP held near $1.34.
Tom Lee's Bitmine hits 80% of its goal to hold 5% of all Ethereum
Bitmine Immersion Technologies now controls nearly 4% of Ethereum's total supply.
The fund is backed by Cathie Wood's ARK, Peter Thiel's Founders Fund, and Pantera.
One entity holding that much ETH could reshape liquidity and pricing for every other holder.
On Our Radar
Robot money: TRON DAO is betting a billion on the agentic economy's infrastructure.*
The Bitcoin Flex: Trump's crypto stash just hit 7,000 coins and counting.
Ethereum's all-in move: Foundation deploys 22,500 ETH in one go.
*sponsored
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Estéfano
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