Crypto World
3 Altcoins That Are Not in a Bear Market and Could Rally
The crypto bear market seems to be taking form. Bitcoin and Ethereum remain under pressure, with Bitcoin down nearly 24% year-to-date and about 22% year-on-year, while Ethereum has fallen roughly 34% YTD and over 30% across the same period. The broader market continues to reflect weak sentiment.
Yet, BeInCrypto analysts have identified three altcoins that are still posting strong gains in the year-to-date and year-over-year periods, signaling demand and technical structures that appear disconnected from the ongoing bear market.
Bitcoin Cash (BCH)
The crypto bear market has not stopped Bitcoin Cash (BCH) from showing unusual strength. While many altcoins struggle, BCH remains one of the strongest altcoins, holding large yearly gains. Bitcoin Cash is still up nearly 80% year-on-year, showing that demand has stayed intact even as the broader crypto bear market continues.
This strength is now clearly visible in whale behavior. The largest Bitcoin Cash holders, wallets holding between 100,000 and 1 million BCH, increased their holdings from 4.31 million BCH on February 16 to 4.36 million BCH recently.
This means whales added 50,000 BCH, worth about $28.5 million at the current price. Whale accumulation during a crypto bear market often signals confidence, as these investors typically buy when they expect higher prices ahead.
This optimism connects directly with Bitcoin Cash’s price chart. BCH is currently forming an inverse head-and-shoulders pattern, a bullish pattern that often precedes a breakout.
This pattern shows that selling pressure is fading and buyers are slowly gaining control. BCH attempted a breakout near $575 but faced some selling pressure. However, continued whale buying suggests this resistance may weaken over time.
A confirmed breakout requires a daily close above $575. If that happens, BCH could rally toward $793 and potentially $800, completing the pattern’s nearly 40% upside target. These levels also align with Fibonacci resistance zones, strengthening the bullish case.
However, risks still exist. The bullish structure weakens if BCH falls below $538, because that would show buyers losing control. Full invalidation happens only if the BCH price drops under $422, which would break the entire pattern.
For now, Bitcoin Cash stands out as one of the rare altcoins defying the bear market, supported by both whale accumulation and a bullish technical structure.
Morpho (MORPHO)
Among the altcoins defying the bear market, Morpho stands out because of its strong fundamentals and bullish price structure.
Morpho is the governance token of a decentralized lending platform that allows users to lend and borrow crypto more efficiently. Its infrastructure, called Morpho Blue, improves capital efficiency by directly matching lenders and borrowers, offering better yields and lower borrowing costs.
This strong foundation is now attracting institutional attention. On February 13, 2026, Apollo Global Management, which oversees nearly $940 billion in assets, committed to acquiring up to 90 million MORPHO tokens, or about 9% of the total supply, over time. This creates steady buying pressure and validates Morpho’s role in institutional decentralized finance.
This fundamental optimism is also visible on the price chart. Since February 6, MORPHO has already rallied more than 72%, forming the pole of a classic bullish continuation pattern called a pole-and-flag.
The current consolidation could form the flag, which is a normal pause before another potential move higher.
At the same time, a golden crossover is approaching. This happens when the 50-period Exponential Moving Average (EMA), which tracks the medium-term price trend, moves above the 200-period EMA, which tracks the long-term trend. This signal often confirms the start of a sustained uptrend.
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For now, MORPHO remains strong as long as the consolidation range holds above $1.48. However, the structure weakens below $1.34, where the 200-period EMA sits.
However, a confirmed breakout above $1.63 could trigger another 72% rally toward $2.85, reinforcing Morpho’s position among altcoins defying weakness during the crypto bear market.
Decred (DCR)
After Bitcoin Cash and Morpho, Decred has emerged as another altcoin quietly showing unusual strength. The token is up 93% year-on-year and 61% year-to-date, making it the strongest performer in this group of strong altcoins. Even in the past 24 hours, Decred has gained nearly 10%, highlighting persistent demand.
Part of this strength comes from its recent treasury upgrade, which improved how the network funds its own growth and reinforced long-term investor confidence.
However, the chart structure explains why this strength may not be over yet.
Decred is currently trading inside an ascending channel. It is a bullish structure in which the price moves between two rising parallel trendlines.
This pattern usually signals steady accumulation and controlled upward momentum. At the same time, a cup pattern is forming within this channel, creating what appears to be two bullish patterns folded into one structure.
This dual formation significantly strengthens the outlook. Based on the channel and cup projection, Decred could see nearly 37% upside. One major target sits near $39.76, while the extended target aligns near $45.33 if momentum continues.
In the short term, the structure remains healthy as long as Decred holds above $23.66. This level acts as the lower support inside the channel.
A move above $28.79 would signal growing strength and increase the chances of a breakout toward $32.98. It is a key zone that aligns with the channel’s upper trendline. Once this level breaks, the larger upside projection becomes more likely.
However, a drop below $22.01 would weaken the pattern and shift the structure from bullish to neutral. For now, Decred’s rare combination of strong performance and a layered bullish chart setup shows why it continues to stand out amid most altcoins’ struggles.
Crypto World
Strategy Buys $1.57 Billion Worth of Bitcoin (BTC)
Strategy has bought a whopping $1.57 billion of Bitcoin and now holds 761,058 BTC.
Michael Saylor took to social media to announce that Strategy has bought a massive amount of BTC today.
The firm acquired a total of 22,337 BTC for a total of $1.57 billion, spending roughly $70,194 per bitcoin.
Strategy has acquired 22,337 BTC for ~$1.57 billion at ~$70,194 per bitcoin. As of 3/15/2026, we hodl 761,068 $BTC acquired for ~$57.61 billion at ~$75,696 per bitcoin. $MSTR $STRC https://t.co/6hv6PjzOKQ
— Michael Saylor (@saylor) March 16, 2026
This puts their total holdings at 761,068 BTC bought at approximately $75,696 per bitcoin.
It also means that the most recent price increase was likely due to this particular buy wall. As CryptoPotato reported, BTC pushed above $74,000 today, driving the entire crypto market with it.
It’s worth noting that institutional inflows have also been steady over the past week, with BlackRock’s IBIT spot BTC ETF reporting positive flows for five consecutive days and buying more than $600 million.
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Crypto World
Pi Network Begins Second Migrations with Gradual Mainnet Rollout for Eligible Pioneers
TLDR:
- Pi Network has launched the second migration with a gradual rollout for Pioneers, bringing more Pi to Mainnet.
- Two-factor authentication via Mainnet Checklist Step 3 is now required before any Pi migration can begin.
- Blockchain transfers on Pi Network are irreversible, making 2FA enforcement critical for all wallet security.
- Referral mining bonuses will only migrate if referral team members have fully completed the KYC process.
Pi Network has officially announced that the second migrations have begun for Pioneers on Mainnet. The gradual rollout allows users to bring additional Pi to the network.
First migrations for eligible Pioneers continue as normal during this period. To qualify, Pioneers must set up 2FA through the Mainnet Checklist Step 3. This requirement protects wallet security for all participating users.
Two-Factor Authentication Required Before Migration Can Begin
Pi Network has made two-factor authentication (2FA) a strict requirement for all Pioneers seeking migration eligibility. Step 3 of the Mainnet Checklist must be completed before any migration can proceed.
For some users, this step also requires adding a trusted email address to their Pi account. The 2FA setup ensures that only verified account owners can initiate the process.
The enforcement of 2FA comes directly from the permanent nature of blockchain transactions. Any transfer completed on the blockchain cannot be reversed or corrected after it is made.
Pi Network introduced this requirement to protect Pioneers from unauthorized access and accidental errors. Wallet security is treated as a top priority across the migration process.
The Pi Core Team shared the update via social media, confirming that the second migrations have started and will follow a gradual rollout. The announcement noted that this opens the door for pioneers to bring more Pi to Mainnet.
Pioneers can also further participate in the broader ecosystem through this migration opportunity. First migrations for eligible Pioneers remain active and will not be disrupted by this development.
Referral Mining Bonuses Now Part of Second Migration Rollout
Pi Network’s second migrations will also carry referral mining bonuses for qualifying Pioneers. These bonuses are linked specifically to referral team members who have fully completed the KYC process.
Pioneers are being reminded to urge their teams to complete KYC before the relevant deadlines.
Without full KYC completion from Referral Team members, the associated referral bonuses cannot be migrated. This means the total amount of Pi a pioneer migrates may depend on their referral network’s actions. It is a shared responsibility that extends across the entire team structure within Pi Network.
The Pi Core Team confirmed that referral bonuses from KYC-verified referral team members will be included in the second migration.
Pioneers who stay in regular contact with their teams are more likely to benefit from these bonuses. Completing KYC early gives both Pioneers and their teams a better chance of maximizing their Mainnet migration.
Crypto World
Bitmine Accelerates ETH Buys, Treasury Hits 4.6M Coins
TLDR
- Bitmine increased its Ethereum purchases and lifted its treasury to 4.596 million ETH.
- The company bought 5,000 ETH directly from the Ethereum Foundation through an over-the-counter deal.
- Tom Lee said Bitmine added 60,999 ETH in the past week, exceeding its recent weekly average.
- Bitmine now controls about 3.81% of Ethereum’s total supply.
- The company reported total crypto holdings, cash, and investments of about $11.5 billion.
Bitmine Immersion Technologies increased its Ethereum purchases and expanded its treasury to 4.596 million ETH. The company disclosed a direct 5,000 ETH purchase from the Ethereum Foundation. Chairman Tom Lee confirmed the firm accelerated weekly accumulation in recent weeks.
Bitmine Expands Ethereum Holdings and Staking Operations
Bitmine added 60,999 ETH over the past week, Lee said on Monday. He stated that recent weekly purchases averaged between 45,000 and 50,000 ETH. The latest buying pace exceeded that recent range.
The company structured the 5,000 ETH transaction over the counter with the Ethereum Foundation. Lee said the structure allowed the foundation to fund operations without selling on exchanges. As a result, Bitmine avoided open market impact during the purchase.
Bitmine now controls about 3.81% of Ethereum’s total supply. The company reported total crypto holdings, cash, and investments of about $11.5 billion. It said 3,040,515 ETH remain staked, representing about 66% of its treasury.
Bitmine valued its staked Ether at roughly $6.6 billion at a price of $2,185. The company estimates staking generates about $180 million in annualized revenue. It plans to expand operations through its Made in America Validator Network.
Lee said the Made in America Validator Network will launch in the coming months. He stated the network will increase staking capacity and validator participation. The company confirmed it will continue expanding its Ethereum position.
Corporate Treasuries Increase Exposure to Ether and Bitcoin
Corporate entities now hold about 6.6 million ETH across seven countries. CoinGecko data shows those holdings equal about 5.47% of the total Ether supply. Public companies slowed their accumulation during the past month.
Among the 20 largest corporate Ether treasuries, only four increased holdings in 30 days. Bitmine added 269,824 ETH during that period. SharpLink added 3,859 ETH, while Eightco added 11,068 ETH.
Eightco raised $125 million to expand blockchain and artificial intelligence investments. Bitmine invested $75 million in that funding round. ARK Invest and Payward, Kraken’s parent company, each committed $25 million.
As part of the agreement, Lee joined Eightco’s board. The companies confirmed the capital will support growth initiatives. They disclosed the funding details last week.
Earlier today Strategy disclosed a separate Bitcoin purchase. The company acquired 22,337 BTC for $1.57 billion. Strategy now holds more than 760,000 Bitcoin.
Shares of Bitmine, trading under BMNR, closed up nearly 14% at $23.39. Yahoo Finance reported the closing price data. At press time, Ether traded near $2,342, up nearly 11% in 24 hours.
Ether’s year-to-date decline stands near 21%. The cryptocurrency’s market capitalization measures about $282 billion. Circulating supply totals approximately 120.7 million ETH.
Crypto World
Bitcoin Derivatives Signal Bull Shift After 178-Hour Bear Run
Bitcoin derivatives data signals a bullish shift after nearly eight days of bearish positioning in the futures market.
Bitcoin derivatives data show that the market structure has changed, with the Integrated Market Index reaching 96 on March 16, its highest level in the last 30 days.
The reading comes after a reversal in taker flow that ended almost 8 days of bearish positioning in the futures BTC market, with the flagship crypto now trading several thousand dollars above its estimated fair value.
Derivatives Indicator Points to Renewed Bullish Structure
According to analyst Axel Adler Jr., Bitcoin’s Integrated Market Index hit 96 while the model’s Price Index rose above 95. The index combines signals from derivatives such as future flows and price deviation to show how much pressure the market is under on a scale of 0 to 100.
A bullish regime, Adler noted, is when the value is above 55, and a bearish regime is when the value is below 45. The model has been in a bearish phase for about 178 hours, starting on February 15 when it fell as BTC dropped toward $63,000 amid sustained negative taker volume and diminishing open interest.
However, per Adler’s analysis, the change happened on March 10, when both the taker flow and the open interest went up at the same time, pushing both the flow and price components back above their bullish thresholds.
With Bitcoin momentarily jumping above $74,000 on March 16, its fair value over 30 days as measured by Adler’s model now sits around $70,000. The gap means the market is worth about $3,400 more, with the market watcher suggesting that these kinds of premiums can occur during times of high demand as long as the derivatives flow index stays high.
Data also shows that the larger crypto market also got stronger in the last 24 hours, with BTC’s move above $74,000 not the only green arrow. Ethereum (ETH) also went over $2,200 as several coins, including Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Hyperliquid (HYPE), recorded more than 10% gains over the past 7 days.
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The rally has brought the crypto market’s value up 2.6% to just under $2.6 trillion, per CoinGecko. However, it wiped out about $380 million in leveraged positions, with around $303 million coming from traders who had bet on falling prices.
BTC Price Movement
At the time of writing, Bitcoin had dropped by a couple of hundred bucks below $74,000. Nevertheless, it was still about 9% higher than it was a week ago and nearly 6% across 30 days.
This is not the first time that BTC has tested $74,000. Last Friday, the number one cryptocurrency encountered a barrier at the same level, causing it to retreat by over $3,000, before the recent recovery.
For now, derivatives data shows sustained buying pressure, with the Integrated Market Index remaining deep in bullish territory. Analysts tracking the model say the first warning sign would be the index falling back below 55 or a decline in futures flow that pushes prices closer to its fair-value benchmark.
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Crypto World
Polymarket’s Iran surge helps trigger Washington’s crackdown bill
After billions in bets on a U.S.–Iran strike and an insider scandal on platforms like Polymarket, Democrats push the DEATH BETS Act, targeting prediction markets that trade on war, terror and death.
Summary
- Polymarket and Kalshi volumes smashed records as traders priced odds of a U.S. strike on Iran and leadership change in Tehran.
- Six Polymarket accounts allegedly used insider information to profit from Iran strike timing, crystallizing fears of geopolitical front‑running.
- Senator Adam Schiff’s DEATH BETS Act would bar CFTC‑regulated venues from listing contracts tied to war, terrorism, assassinations or individual deaths.
Prediction markets just ran into Washington’s moral panic. After a record surge in trading linked to the U.S.–Iran conflict, a senior Democrat is now moving to shut down the sector’s most controversial edge: markets that price war, terrorism and death.
For the week ending March 9, on-chain and regulated prediction venues blew through previous activity highs. Data compiled by Cointelegraph shows nominal volume on Polymarket hit 2.49 billion dollars over the period, while CFTC‑regulated Kalshi posted 2.85 billion dollars, pushing the total nominal volume across all prediction platforms to 14.5 billion dollars and lifting unique users to 2.8 million. The trigger was obvious: escalating U.S.–Iran tensions, with traders aggressively pricing the odds of an American strike.
Polymarket death markets gain scrutiny from lawmakers
That set up the political backlash. U.S. Democratic senator Adam Schiff has introduced the so‑called “DEATH BETS Act,” a bill that would amend the Commodity Exchange Act to explicitly bar federally regulated prediction markets from listing contracts tied to war, terrorism, assassinations, or individual deaths. Regulators have long had discretion over “event contracts,” but this proposal would hard‑code a bright red line around anything that looks like trading on human catastrophe.
Schiff’s move also follows a very specific scandal. Six Polymarket users are accused of using insider information to place roughly 1 million dollars’ worth of winning bets on the timing of a U.S. strike on Iran, crystallizing the sector’s worst optics: privileged actors monetizing sensitive, potentially classified information while the rest of the market thinks it is trading “pure information.” For critics, that episode proves prediction markets are not just forecasting tools, but a new venue for front‑running geopolitics.
For crypto‑native prediction platforms, the message is brutal. Volumes are finally at institutional scale, but the order flow driving that growth is clustering in precisely the categories now being lined up for prohibition. If the DEATH BETS framework becomes a template for other regulators, the sector will be pushed toward more anodyne contracts—macro data, elections, sports—while the most informationally rich, liquidity‑dense markets migrate fully offshore or into gray‑zone DeFi. In market terms, Washington is saying the quiet part out loud: some kinds of “truth markets” will not be allowed to clear.
Crypto World
Crypto Markets Soar as Stocks Rally, Oil Drops 5%
Total crypto capitalization is up 3.5%, with Layer 1s and memecoins leading the charge.
Crypto markets are off to a strong start this week, with major altcoins surging amid more than $400 million in short liquidations. Stocks rallied while oil dropped 5% after U.S. Treasury Secretary Scott Bessent told CNBC that Iranian oil tankers are being allowed to transit the Strait of Hormuz.
Bitcoin (BTC) is trading at around $74,000, up 3.5% over the past 24 hours. Layer 1 tokens are outperforming, with ETH surging 10% to $2,320, and SOL climbing 8% to $95.
Meanwhile, Polkadot (DOT) rallied 15%, Ripple (XRP) and Cardano (ADA) gained around 9%, and BNB added 2%.

The overall crypto market capitalization climbed 3.5% to $2.61 trillion, according to Coingecko.
Michael Saylor’s Strategy purchased an additional 22,337 Bitcoin between March 9 and March 15 for approximately $1.57 billion at an average price of $70,194 per coin, according to a Monday SEC filing. The acquisition, one of the company’s largest to date, brings its total holdings to 761,068 BTC.
Nearly all of the Top 100 digital assets posted gains over the last 24 hours.
Today’s top gainers are Zcash (ZEC) and PEPE, which both surged 20%.
TRUMP and Bittensor (TAO) are the biggest losers, down 4% and 2%, respectively.
Around 120,000 leveraged traders were liquidated for $542 million in the past 24 hours, according to CoinGlass, with short positions comprising $420 million. Bitcoin accounted for $173 million, while ETH led with $220 million.
Bitcoin exchange-traded funds (ETFs) recorded inflows of $180 million on Friday, bringing last week’s total inflows to $767 million, according to SoSoValue.
Crypto World
Metaplanet turns stock volatility into a 210,000 BTC war chest
Metaplanet sold equity and fixed‑strike warrants at a premium, monetizing stock volatility into up to $531 million of dry powder for a 210,000 BTC, yen‑hedged balance‑sheet bet.
Summary
- Metaplanet raised about $255 million via a private share placement at a 2% premium, paired with fixed‑strike warrants at a 10% premium for another ~$276 million if exercised.
- Warrants only trigger if the stock trades above a Bitcoin‑linked mNAV threshold, turning equity upside and volatility into self‑funding BTC accumulation instead of pure dilution.
- The strategy aims to make Metaplanet “Japan’s MicroStrategy,” swapping yen‑denominated equity for a structurally scarce asset and using BTC as a long‑term currency and equity hedge.
Metaplanet just weaponized its equity to buy more Bitcoin (BTC). This is not a vibes-based CT announcement; it is a highly engineered capital markets trade aimed squarely at becoming “Japan’s MicroStrategy,” with a yen hedge bolted on.
Deal structure in plain language
Metaplanet raised about 255 million dollars from global institutional investors via a private placement of new shares priced at a 2% premium to market. Alongside that, it issued fixed‑strike warrants at a 10% premium, which, if fully exercised, could bring in roughly another 276 million dollars. In total, the company is unlocking up to 531 million dollars in incremental “firepower” to push toward its stated target of holding 210,000 BTC on its balance sheet.
The key innovation is not “we raised money and we’ll buy Bitcoin.” It is the explicit monetization of equity volatility: investors are effectively paying for convexity on the stock, and Metaplanet is harvesting that option value to buy hard assets.
Why the warrant design matters
The warrants are struck 10% above the reference price, so they only get exercised if Metaplanet’s share price trades higher, i.e., if the market buys the Bitcoin accumulation story. That creates a self‑funding loop: volatility and upside in the equity translate directly into more capital to deploy into BTC. Commentators on the thread correctly highlight this as “the real innovation,” noting that Metaplanet benefits both from stock volatility and from Bitcoin appreciation.
In market structure terms, the firm is short call options on its own equity and long Bitcoin. It is selling path‑dependent equity upside today to increase its exposure to a non‑sovereign monetary asset it believes will outperform the yen and, likely, Japanese equities over the long term.
Japan, currency risk, and the “denominator”
Where MicroStrategy pioneered this model in the US, Metaplanet adds another layer: a currency hedge against a structurally weak yen. One international holder in the replies openly frames the move as bullish for Japan, arguing that the yen “could benefit greatly from Bitcoin.” Others go further, calling the strategy a matter of corporate “survival” rather than mere profit, a blunt acknowledgment of what sustained currency debasement does to domestic balance sheets.
Another respondent captures the denominator problem cleanly: institutional capital is “waking up to the reality of the denominator” and “building a fortress out of math,” with volatility as the energy source to forge a new standard. Translated into market terms: Metaplanet is trading a dilutable equity, priced in a weakening unit of account, for an asset with a credibly scarce supply schedule.
Signal to the market
Reaction on X swings from praise—calling the placement a “masterclass in capital strategy”—to confusion and outright skepticism about what Metaplanet is and whether this is a scam. That bifurcation is typical early in any new corporate balance‑sheet regime: most participants do not yet speak the language of corporate‑fi‑meets‑Bitcoin, and the documentation reads like jargon to anyone not trained in derivatives.
Crypto World
Cardano jumps 8%, $0.30 in focus as funding rate turn positive amid rising OI
- Cardano (ADA) rises above $0.28 as whale accumulation boosts short-term momentum.
- Positive funding rates and higher open interest support near-term gains.
- The key levels to watch are the support at $0.25–$0.27 and the resistance near $0.30–$0.35.
Cardano (ADA) has surged over 8% in the past 24 hours, breaking above key short-term resistance levels.
The price is now hovering around $0.286, bringing the $0.30 mark into focus for traders.
Momentum has picked up sharply as derivatives data show positive funding rates and rising open interest.
This price movement has attracted attention from mid-tier whale wallets.
These investors, holding between one million and ten million ADA, have been actively accumulating during recent dips. Their buying has added upward pressure, tightening available supply in the market.
Meanwhile, larger whale wallets, holding ten million to a hundred million ADA, have been reducing positions, suggesting some distribution at higher price levels, creating a mixed picture in the whale ecosystem.
The balance between accumulation and distribution will likely influence price swings in the coming days.
Technical analysis
From a technical perspective, ADA has broken above a descending trendline that had capped price action near $0.25 for weeks.
This breakout has set the stage for further gains as short-term indicators lean bullish.
The relative strength index (RSI) sits above 50, indicating that momentum favours buyers, but it is not yet in overbought territory.
The MACD has crossed above its signal line, and its histogram is expanding, signalling that buying momentum is gaining strength.

Price action has shown that the 20-day exponential moving average (EMA) is providing support near $0.27.
Eyes are now on the 50-day EMA around $0.29 and the 100-day EMA closer to $0.34.
Breaking these levels could open the door to further upside, but failing to hold above the short-term support zone could result in a pullback.
In addition, Cardano’s open interest is also rising, and the funding rate has turned positive, meaning that long positions are paying shorts, which historically aligns with bullish momentum in the near term.
Cardano price forecast
In the short term, traders should monitor $0.30 as the next psychological resistance.
A breakout above $0.30 could target the $0.34–$0.35 range, guided by key EMAs and prior swing highs.
While momentum indicators suggest room for further upside, the market will need consistent buying volume to sustain higher levels.
On the downside, the immediate support lies near $0.27, with a more significant level around $0.25.
A drop below $0.25 could test deeper support near $0.24, potentially signalling short-term bearish pressure.
Crypto World
Bitmine’s Ether Holdings Reach 4.6M ETH, About 3.8% of Supply
Bitmine Immersion Technologies has accelerated the pace of its Ether purchases in recent weeks, chairman Tom Lee said Monday, following the company’s over-the-counter purchase of 5,000 ETH directly from the Ethereum Foundation.
Lee said Bitmine added 60,999 Ether (ETH) over the past week, up from a recent weekly average of about 45,000 to 50,000 ETH.
The purchases bring the publicly traded company’s Ethereum treasury to 4.596 million ETH, giving Bitmine control of about 3.81% of the token’s total supply. The company said its combined crypto holdings, cash and other investments total about $11.5 billion.
Bitmine said that 3,040,515 ETH, about 66% of its holdings, are currently staked, valued at roughly $6.6 billion at an Ether price of $2,185.
The company estimates its staking operations generate about $180 million in annualized revenue. It plans to expand staking through its Made in America Validator Network (MAVAN), expected to launch in the coming months.
Bitmine said the 5,000 ETH purchase from the Ethereum Foundation was structured to allow the foundation to fund its operations without selling Ether on the open market.
Shares of Bitmine (BMNR) closed Monday trading up almost 14% to $23.39, according to Yahoo Finance data.
Today’s announcement from the Ethereum treasury company coincided with a disclosure by Strategy, the world’s largest Bitcoin treasury company, that it purchased 22,337 BTC for $1.57 billion, bringing its total holdings to more than 760,000 Bitcoin.

Related: Three Ethereum indicators hint that $2.8K is the next ETH price target
Corporate treasuries control over 5% of Ether supply
Public companies holding Ether have largely slowed accumulation over the past month, even as Bitmine continues to rapidly expand its position.
Data from CoinGecko shows that among the 20 largest corporate Ether treasuries, only four companies increased their holdings over the last 30 days. Bitmine added 269,824 ETH during that period, far outpacing SharpLink, which added 3,859 ETH, and Eightco, which added 11,068 ETH.

Eightco also raised $125 million last week to expand investments in blockchain and artificial intelligence. Bitmine led the round with a $75 million investment, while ARK Invest and Payward, the parent company of crypto exchange Kraken, each invested $25 million. As part of the deal, Bitmine chairman Lee joined Eightco’s board.
Across the market, 30 public entities across seven countries collectively hold about 6.6 million ETH valued at around $15.4 billion, representing about 5.47% of Ether’s total supply, according to CoinGecko.
At the time of writing, Ether was trading at around $2,342, up nearly 11% over the past 24 hours, a year-to-date decline at around 21%. The cryptocurrency currently has a market capitalization of about $282 billion, with around 120.7 million ETH in circulation.

Magazine: All 21 million Bitcoin is at risk from quantum computers
Crypto World
ETH surges 10% outpacing bitcoin gains as ETF demand, Bitmine buying accelerate
Ethereum’s ether (ETH) is stealing the spotlight in Monday’s crypto rally, climbing to a six-week high as investor demand show signs of return to the second-largest digital asset after months of bruising declines.
Ethereum’s native token, ETH, rose to above $2,300, gaining more than 10% over the past 24 hours. That easily outpaced bitcoin’s 3% advance and the CoinDesk 20 Index’s roughly 5% gain, signaling a shift in momentum toward assets beyond bitcoin.
The move comes after a torrid stretch for the broader crypto market, including ether. With the rebound, ETH is still down more than 50% from its August record high and, at one point, had fallen roughly 65% from its peak during the market’s winter slide.
Prices have stabilized in February and March, and institutional flows are beginning to turn supportive.
U.S. spot ether ETFs pulled in more than $160 million in fresh funds last week, marking their strongest weekly inflows since mid-January, according to data from SoSoValue. Global asset manager BlackRock also rolled out a yield-paying Ethereum staking ETF (ETHB), which has already drawn more than $45 million in inflows in its first two trading days, on top of a $104 million seed investment, data from Farside Investors shows.
Meanwhile, BitMine (BMNR), the largest corporate holder focused on Ethereum treasury strategies, has purchased nearly 122,000 ETH — worth roughly more than $280 million at current prices — in the past two weeks, adding another source of demand.
BMNR shares are higher by 13.6% on Monday. Another major ETH treasury company, Sharplink Gaming (SBET) is seeing a 9.1% advance.
Rotation from bitcoin
Analysts say the price action could reflect investors rotating into ether after bitcoin dominated inflows earlier this year.
“ETH’s relative strength suggests potential rotation dynamics, possibly tied to network developments and valuation appeal beyond bitcoin,” said Joel Kruger, market strategist at LMAX Group.
He added that ether has broken above an important range against bitcoin where it traded since the end of January. “potentially marking a significant bottom for ETHBTC.”

Adam Saville Brown, head of commercial at Tesseract Group, sees the move as a sign that risk appetite is broadening across the crypto market.
“Ethereum’s outperformance is worth watching,” said Adam Saville Brown, head of commercial at Tesseract Group. “ETH has broken back above $2,200 after weeks of underperformance. That kind of rotation into the second-largest asset suggests risk appetite is broadening, which tends to be a healthy sign.”
Still, he cautioned that the rally could remain sensitive to macro signals.
“If Powell strikes a cautious tone on inflation, altcoin gains will give back faster than bitcoin,” Saville Brown said. “The honest assessment is that the floor looks solid. The ceiling requires more than a rate hold to break through.”
Read more: Ethereum Foundation’s new mandate sparks debate about its role, priorities
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