Overview
- Arkham data shows two transfers to Coinbase Prime hot wallets — 5,300 ETH and 4,308 ETH — totaling roughly $19.5 million, which analysts note do not inherently signal selling.
- BitMine reports 4,534,563 ETH under treasury — about 3.76% of supply — as it pursues a stated goal of reaching 5% of Ethereum’s supply.
- The firm has 3,040,483 ETH staked, generating about $174 million in annualized rewards, and it plans to scale staking via its Made in America Validator Network (MAVAN) rollout in early 2026.
- The company bought 60,976 ETH last week, its largest weekly purchase this year, after increasing buying from a recent 45,000–50,000 ETH pace.
- Analytics estimate unrealized losses near $7.8 billion on the position, while BMNR shares rose roughly 4% on Monday, retesting the $20 level.