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Bitmine Climbs 6% as Ethereum Extends Rally After SEC Tokenization Order; Sharplink Rises 5%, Coinbase Jumps 6%
Ethereum rose 5.7% after the SEC created a regulated path for tokenized U.S. stocks, lifting Bitmine and Coinbase about 6% each.
- On Monday, Strategy resumed Bitcoin accumulation after a two-week pause, acquiring 950 BTC for $75.7 million and raising total holdings to 846,000 BTC.
- During the two-week pause, Strategy prioritized repurchasing its Series A Perpetual Stretch Preferred Stock , spending $174 million on buybacks while maintaining its dual-track capital strategy.
- Bitmine Immersion Technologies added 27,562 ETH last week, expanding its treasury to 5.98 million ETH, representing 4.9% of the total supply and 98% toward its "Alchemy of 5%" target.
- Strategy's deployable USD cash fell nearly 20% to $1.05 billion as of September 20, down from $1.30 billion a week earlier, reflecting aggressive capital deployment across both asset purchases and preferred-stock buybacks.
- Bitmine Chairman Tom Lee expects institutional investors to increase crypto exposure in final 2026 quarter, citing rotation from AI stocks and the end of the four-year cycle as market catalysts.
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Cryptocurrency News | Cryptocurrency Prices | Market CapStrategy buys 950 Bitcoin after two week pause in purchases
Strategy has resumed Bitcoin purchases after a two week pause, spending $75.7 million on 950 BTC while deploying another $174 million to repurchase its STRC preferred stock. According to a Form 8-K filing with the U.S. Securities and Exchange Commission…
Ethereum news: Bitmine (BMNR) adds bought $75M ETH as Tom Lee says institutions are underweight crypto
The largest Ethereum-centric treasury firm kept buying, while its chairman argued ETH’s strong third quarter could push institutions to increase crypto exposure.
·New York, United States
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Bitmine Climbs 6% as Ethereum Extends Rally After SEC Tokenization Order; Sharplink Rises 5%, Coinbase Jumps 6%
An SEC order carving out a regulated path for tokenized U.S. stocks just sent Ethereum surging and lit a fire under a handful of crypto equities, but the connection between that rulebook and these stock gains runs through a far thinner thread than most traders realize.
·Lakewood, United States
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Total News Sources43
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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