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Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy

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Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy

BitMine Immersion Technologies (BMNR) just doubled down on Ethereum, fueling bullish price predictions.

The publicly traded treasury added 50,928 ETH last week, spending about $103 million. The move sparked a 9% jump in BMNR shares and lined up with a strong bounce in Ethereum’s spot price.

With this buy, BitMine now holds 4,473,587 ETH, roughly 3.71% of the total circulating supply. That is not passive exposure. It is an aggressive accumulation strategy, even with market conditions still shaky.

Key Takeaways:
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  • BitMine added 50,928 ETH to its balance sheet, raising total holdings to roughly $9 billion.
  • BMNR shares surged over 9% following the disclosure, outperforming broader market indices.
  • The firm is now staking over 3 million ETH, projecting estimated annualized revenues of up to $172 million.

BitMine Pursues ‘Alchemy of 5%’ Despite Paper Losses

BitMine’s latest buy is part of a bigger mission. The company wants control of 5% of Ethereum’s total supply, which Chairman Tom Lee calls the “alchemy of 5%.”

Lee framed the recent dip as an opportunity, arguing that ETH fundamentals are stronger than price suggests. Even with roughly $7.7 billion in unrealized losses on paper, leadership is not backing off. They see Ethereum as core financial infrastructure, not just a speculative asset.

Source: Blockworks

The difference is strategy. BitMine is not just holding ETH. It is staking aggressively. The firm claims to have staked more ETH than any other entity and expects an annual yield of more than $253 million once its Made in America Validator Network goes fully live in 2026.

That active yield model separates it from passive treasury plays. It turns ETH into a productive balance sheet asset rather than idle reserves.

This push mirrors broader institutional moves into crypto infrastructure. While retail remains cautious, corporate players are building quietly.

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For traders, $2,100 is the key level. If Ethereum reclaims it and BitMine keeps buying weekly, that steady demand could act as a structural floor heading into the next cycle.

BMNR Shares Break Out as ETH Holds $2,000

The market reacted fast.

BitMine shares (NYSE: BMNR) jumped more than 9% after the disclosure, as investors leaned into the company’s heavier exposure to a potential Ethereum rebound. At the same time, ETH bounced to around $2,037, trying to stabilize after a roughly 22% monthly slide.

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Source: BMNRUSD / TradingView

Traders read the treasury purchase as a high-conviction signal. Volume picked up across both the stock and ETH, tightening the correlation between BMNR and spot prices.

At this point, BMNR is effectively trading as a leveraged proxy for Ethereum. When ETH moves, the stock is likely to amplify that move in either direction.

Discover: The best new crypto in the world

The post Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy appeared first on Cryptonews.

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Crypto World

Fira Debuts Fixed-Rate DeFi Lending Protocol with $450M in Deposits

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Fira Debuts Fixed-Rate DeFi Lending Protocol with $450M in Deposits

Ethereum-based decentralized finance (DeFi) lending protocol Fira said on Tuesday it was launching with about $450 million in deposits, highlighting demand for fixed-rate onchain credit.

Fira said the protocol’s fixed-rate credit market allows users to lock borrowing costs and lending returns for defined periods by organizing lending around maturities rather than floating utilization-based rates, according to an announcement shared with Cointelegraph.

The fixed-rate model differs from most DeFi lending protocols, where borrowers cannot lock funding costs, and lenders cannot predict returns, making long-term DeFi lending less predictable. Fira’s said its model organizes markets by maturity and determines interest rates by supply and demand mechanics, replacing utilization algorithms that fluctuate with borrowing activity.

Fira said the design is intended to create a more predictable onchain credit market by introducing yield curves and defined maturities, features that are standard in traditional fixed-income markets but rare in DeFi.

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Fira is not the first DeFi lending protocol built around fixed-rate credit. Other protocols with similar structures include Notional Finance, IPOR and Term Finance.

Fira debuts fixed-rate onchain credit market. Source: Fira

Euler-linked liquidity migrated into Fira

Fira said it debuted with $450 million in deposits, which were “reallocated” from users of the modular lending platform Euler Finance during the pre-launch phase that started on Jan. 8, Pete Siegel, chief financial officer at Fira, told Cointelegraph. 

“Fira was pre-launched in January. It opened with a first market called UZR, which enabled roughly a thousand users who were already on Euler, in a product available on Euler to migrate their assets at a fixed rate.”

Siegel said the deposits reflect user interest in fixed-rate lending products.

DeFi lending protocol rankings by TVL. Source: DeFiLlama

DefiLlama currently shows Fira with about $451.6 million in total value locked on Ethereum, compared with roughly $25.3 billion for Aave, the sector’s largest lending protocol.

Related: Maestro launches mining-backed Bitcoin credit market for institutions

Fira said its smart contracts have undergone six independent security audits conducted by Sherlock, Spearbit via Cantina, Hexens and yAudit between November 2025 and early 2026.

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Fira’s bug bounty program through Sherlock offers up to $500,000 in rewards for users finding critical vulnerabilities in the protocol’s open-source Ethereum-based smart contracts.