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Bitmine Scoops $147M in Ethereum Crypto, Extends Five-Week Buying Streak

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Bitmine Scoops $147M in Ethereum Crypto, Extends Five-Week Buying Streak

Bitmine Immersion Technologies purchased 71,179 Ethereum – worth approximately $147 million – last week, its largest single-week buy of 2026 and the fifth consecutive week of sustained crypto accumulation.

Combined with the 238,244 ETH acquired over the prior four weeks, Bitmine has now stacked roughly 309,423 ETH in just over a month – and the supply mechanics behind that pace are worth examining precisely.

Chairman Tom Lee is not being subtle about the thesis. The question the market hasn’t fully answered yet: is Bitmine absorbing sell pressure fast enough to move price – or is ETH’s 22% YTD decline signaling that even $147M weekly buys aren’t enough to flip sentiment on their own?

Key Takeaways:

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  • Bitmine acquired 71,179 ETH (~$147M) last week – its largest weekly purchase of 2026, bringing its five-week total to 309,423 ETH.
  • Total holdings now sit near 4.73 million ETH (~3.92% of supply), valued at approximately $10.5 billion – exceeding Bitmine’s $9.34 billion market cap.
  • 3.14 million ETH are currently staked, generating $180M in annualized yield at a 2.81% seven-day rate – with $272M projected once MAVAN staking launches.
  • Tom Lee ties the crypto winter’s end directly to oil market stabilization – citing crypto’s inverse correlation to oil as currently at its highest level in a year.

Discover: The best pre-launch token sales

Five Weeks of Crypto Buying, What 309,000 Ethereum Actually Does to Liquid Supply

Bitmine confirmed the purchase via an official post on X, with on-chain data corroborating the 71,179 ETH acquisition – up from 65,341 ETH the prior week on March 23, marking a clear escalation in weekly pace. Of its total ~4.73 million ETH holdings, 3.14 million are already staked, effectively removing them from liquid circulation entirely.

That’s a meaningful supply withdrawal at a moment when institutional staking demand is accelerating across the board.

Lee framed the strategy explicitly on Monday: “Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case is ETH is in the final stages of the ‘mini-crypto winter.’” He added that the macro unlock condition is specific – “the crypto winter likely ends when the upside risk to oil prices peaks,” pointing to the highest crypto-oil inverse correlation in the past year as the key read.

StrategicEthReserve currently tracks 67 large ETH treasury holders. Bitmine leads by a wide margin – SharpLink Gaming sits second with 863,000 ETH, Ether Machine third with 496,000.

The gap between first and second place alone is more than 3.8 million tokens. That concentration matters: Bitmine is absorbing a structurally significant portion of available sell-side flow, but broader institutional outflows elsewhere are still creating headwinds that individual corporate treasury buying struggles to fully offset.

Ethereum Price Prediction: Can Bitmine’s Accumulation Force a Repricing Above $2,200?

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ETH is currently trading near $2,065, down roughly 22% year-to-date despite Bitmine’s aggressive weekly purchases.

Key resistance sits at $2,200 – a level ETH has failed to reclaim since the October crash – while near-term support holds around $1,980, a zone that has absorbed two recent liquidation events. RSI on the daily chart is hovering near 42, not yet oversold but showing no clear momentum reversal signal.

Source: TradingView

This whole move hinges on oil and whether that pressure finally cools off, because if it does, that is the kind of macro relief that can unlock risk assets, and with Bitmine steadily buying large chunks of ETH every week, supply keeps getting tighter in the background, which gives price a real shot at reclaiming $2,200 and pushing toward $2,500 if momentum follows.

Right now though it still feels stuck in the middle, with tensions and oil volatility hanging around, keeping ETH boxed between roughly $1,980 and $2,150 while Bitmine keeps accumulating but cannot fully break price out on its own, so you get a grind instead of a clean trend.

The risk is that this demand story fades before it fully plays out, because if inflows stay weak and Bitmine slows down as it gets closer to its supply target, that removes the main buying pressure, and without it, ETH can slip back toward $1,800 where the next real support sits.

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The supply mechanics are shifting materially – but ETH’s price hasn’t priced in five weeks of $100M+ weekly buying. That disconnect is either a lagging signal or a warning that demand needs a macro catalyst, not just a corporate treasury, to resolve.

Discover: The best crypto to diversify your portfolio with

The post Bitmine Scoops $147M in Ethereum Crypto, Extends Five-Week Buying Streak appeared first on Cryptonews.

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Genius Group sells entire Bitcoin treasury in Q1 as debt repayment takes priority

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Microsoft stock plunges 11% as Bitcoin traders seek refuge amid broader tech selloff

AI-powered Genius Group has sold off its remaining Bitcoin holdings in the first quarter to pay down debt.

Summary

  • Genius Group sold its remaining Bitcoin in Q1 to repay debt, stepping back from its earlier commitment to hold the majority of reserves in BTC.
  • The company reported a turnaround in performance, with revenue reaching $3.3 million and net profit at $2.7 million after a loss a year earlier.

According to an April 1 press release, the company said it will “recommence building its Bitcoin Treasury when it believes market conditions are more favorable,” outlining that the exit is tied to timing rather than a full departure from its digital asset strategy.

The firm first committed to a “Bitcoin first” approach back in November 2024, stating that 90% or more of its reserves would be held in BTC. The latest move marks a break from that position as liquidity needs took priority.

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Genius Group reported holding 84 BTC, valued at about $5.7 million, as of March 2026. Its Bitcoin balance had been declining since April 2025, when a US court temporarily blocked treasury expansion. The company resumed purchases in June, but the latest sale has now reduced its holdings to zero, according to data from Bitcoin Treasuries.

Revenue for the quarter rose 171% year-on-year to $3.3 million, while gross profit increased 228% to $2 million. A $500,000 operating loss recorded in Q1 2025 turned into a $2.7 million net profit in Q1 2026.

Similar decisions have surfaced across the sector as companies adjust balance sheets.

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MARA Holdings sold 15,133 BTC in March for roughly $1.1 billion, reducing its treasury to 38,689 BTC and pushing it down to the third-largest corporate holder. The bulk of the proceeds went toward repurchasing about $1 billion in convertible senior notes, with the remainder allocated to general corporate use.

Similarly, mining company Bitdeer liquidated its entire 943 BTC balance in February and also sold newly mined coins, reducing its corporate holdings to zero. Among other firms, Cango Inc. sold 4,451 BTC to cut exposure, while GD Culture Group approved the sale of part of its 7,500 BTC reserve.

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3 Made In USA Coins To Watch In April 2026

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The CLARITY Act’s Senate Banking Committee markup could find a direction in April, and three Made in USA coins are approaching technical inflection points that could determine their direction for the month.

BeInCrypto analysts have identified setups across three popular US-origin coins where regulatory clarity, on-chain fundamentals, and chart structures are converging at the same time. Each token offers a different risk profile heading into April.

Stellar (XLM)

Stellar enters April with the strongest alignment between fundamental catalysts and technical structure among the three Made in USA coins on this list. The CLARITY Act’s April markup directly benefits Stellar as an ISO 20022-compliant payments rail. Franklin Templeton’s BENJI tokenized fund continues to operate on Stellar, and the network now holds over $1.4 billion in real-world asset value according to rwa.xyz data.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

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The daily chart shows an inverse head-and-shoulders pattern forming since late January. The neckline sits near $0.190, and a breakout would target a 21.24% measured move to $0.234.

The Relative Strength Index (RSI), a momentum indicator that tracks the speed of price changes, supports the case. Between January 25 and March 29, price printed a lower low while RSI printed a higher low. That bullish divergence is still active. Previously, when a similar divergence confirmed, around March 22, Stellar surged approximately 21%.

XLM Price Analysis
XLM Price Analysis: TradingView

If the April 3 XLM price candle forms above $0.163, another divergence layer confirms. The first hurdle sits at $0.176, the 0.618 level. A fall below $0.154 would invalidate the entire inverse head-and-shoulders structure. $0.163 separates an active divergence-driven rally toward $0.190 from a structural failure below $0.154.

Cardano (ADA)

Cardano is the bearish counterweight on this list despite carrying the strongest single April catalyst among Made in USA coins as Volatility Shares just debuted live 2x leveraged ETFs and standard futures exposure for Cardano.

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The Midnight privacy sidechain launched in Q1 2026 with Google Cloud, MoneyGram, and Vodafone as validators. Yet the chart is not responding to these triggers.

The daily chart shows a bearish triangle pattern with the lower trendline sitting at $0.2327. ADA is down 13% over the past 30 days and 4.07% in the latest session, pressing closer to that support with each candle.

A hidden bearish divergence is adding pressure. Between February 6 and April 1, price made a lower high while RSI made a higher high. This pattern typically signals that the existing downtrend retains control even when short-term momentum improves temporarily.

A break below $0.232 exposes $0.219, the base of the measured structure. The first recovery level sits at $0.271. Only a sustained push above $0.354, the 0.618 level, would shift the bias to bullish.

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ADA Price Analysis
ADA Price Analysis: TradingView

Until then, the pending ETF filings and Midnight launch remain catalysts without chart confirmation. Per the chart, $0.232 separates a contained triangle consolidation from a fresh breakdown to new year-to-date lows at $0.219.

Algorand (ALGO)

Algorand is the most conflicted of the three tokens heading into April. Allbridge Core, a cross-chain bridge protocol that allows users to move stablecoins between different blockchain networks without wrapping them, enabled native USDC transfers to Algorand from Solana, Ethereum, Base, Sui, and Stellar earlier this year.

The integration gives Algorand a direct stablecoin on-ramp from five major ecosystems for the first time, addressing one of its longest-standing liquidity gaps.

However, Algorand’s DeFi total value locked has dropped from $133.27 million in July 2025 to $53.76 million according to DefiLlama data. That 60% decline in on-chain activity stands in contrast with the 15% monthly price gain, creating a disconnect between price and fundamental usage.

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DeFi TVL
DeFi TVL: DefiLlama

The daily chart shows a possible bull flag and pole pattern with a pole height of approximately 39%. A pullback is now building. Between January 5 and April 1 (broader timeframe), price made a lower high while RSI made a higher high, a hidden bearish divergence that hints at weakening upward momentum and a pullback.

April’s direction depends entirely on whether $0.095 holds. A daily close above $0.095 keeps the flag structure intact and preserves a path toward $0.104, followed by the full projection near $0.145.

ALGO Price Analysis
ALGO Price Analysis: TradingView

A break below $0.095 invalidates the bullish flag hypothesis. That would also open a risk to $0.079.

For now, $0.095 separates a 39% bull flag projection from a structural failure that aligns with Algorand’s declining DeFi fundamentals.

The post 3 Made In USA Coins To Watch In April 2026 appeared first on BeInCrypto.

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Crypto VC Paradigm to Launch Prediction Market Terminal

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Crypto VC Paradigm to Launch Prediction Market Terminal

Crypto-focused venture capital firm Paradigm is reportedly building a prediction markets terminal, joining a wider push by exchanges, brokers and crypto firms into prediction markets.

Led by Paradigm partner Arjun Balaji, the prediction market offering will cater to professional traders and market makers, Fortune said in a report on Wednesday, citing sources that said they started working on the project in late 2025.

Paradigm’s offering adds to a growing list of companies looking to offer access to prediction markets, which some forecast could reach $1 trillion in annual volume by the end of the decade.

Paradigm is also considering rolling out an internal market-making desk — an in-house team that provides liquidity by placing buy and sell orders — for prediction markets.

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One of the sources told Fortune that Paradigm is also working with researchers to explore the feasibility of creating prediction market indexes.

“This would entail bundling multiple prediction markets together into one tradable package, much like the S&P 500 combines the stocks of 500 companies into one index,” Fortune said.

Cointelegraph reached out to Paradigm for additional information, but didn’t receive an immediate response.

Related: CFTC’s top enforcer puts prediction market insider traders on notice

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Prediction markets became one of the fastest-growing use cases in crypto last year and have consistently surpassed $10 billion in monthly trading volume.

Coinbase and Gemini have since launched prediction market offerings, while Nasdaq and Cboe are seeking permission to offer prediction market-style binary options.

Paradigm had been looking at ways to get involved in the burgeoning market. It led Kalshi’s $185 million Series C funding round in June and its $1 billion Series E round in December.

The venture capital firm has also created a dashboard showing trading volume and open interest on Polymarket, Kalshi and other platforms across sports, crypto, politics, culture, financials and other topics.

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Legal issues over prediction markets still being ironed out

Kalshi and its biggest competitor, Polymarket, have been dominating prediction markets trading volume. However, other challengers, such as OPINION and predict.fun, have also seen an uptick in trading activity recently.

The rapid growth of the prediction markets space has attracted regulatory scrutiny, with critics concerned that the platforms encourage insider trading and market manipulation, while event contracts based on sporting events are a form of sports betting. 

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US regulators at the federal and state levels are hashing out who should have jurisdiction in regulating prediction markets, while some regulators abroad have outright banned certain prediction market platforms. 

Magazine: IronClaw rivals OpenClaw, Olas launches bots for Polymarket — AI Eye