Bitmine Plans 9.5% Preferred Stock Plan to Fuel Its Ethereum Buying Spree

Strategy’s top execs took to social media on Sunday to tout its Bitcoin strategy while shareholders cast final votes on a proposal for twice-monthly preferred stock dividend payments.

A pseudonymous crypto analyst has revealed that the Ethereum-to-Bitcoin pair has fallen back down to a price region that once preceded the bullish run seen in Ethereum’s past cycle. Related Reading: Bitcoin Reserves Resuscitation, Iran War Falls Into The Background, But What’s Going On With BTC? ETH/BTC Structure Mirrors 2020 Chart Before Reversal In an […]

Even hackers have started to accumulate the world's largest altcoin after the price massacre.

Bitcoin’s recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin into one of its most attractive accumulation zones in years. Related Reading: Ethereum Golden Triangle Survives As Structure Remains Unbroken, This Target Says $10,000 Is Coming Power Law Model Produces Rare Bitcoin Undervaluation In a recent post on X, popular market analyst Darkfost highlighted a significant development in Bitcoin’s long-term valuation metrics. According to the analyst, the digital asset has now fallen into an extreme undervaluation zone based on the widely followed Bitcoin Power Law model. For context, the Power Law model is a long-term valuation framework that tracks Bitcoin’s growth trajectory. Rather t

Analysts claim XRPL is attracting fresh RWA capital as Ripple expands tokenization and Ethereum faces outflows.

The significant drop in Bitcoin and Ethereum highlights increased market volatility and a potential shift in investor focus away from cryptocurrencies. The post Bitcoin, Ethereum see largest weekly drop since FTX, market cap down $390B appeared first on Crypto Briefing.

Strategy and Bitmine lead the pack with massive unrealized losses.

Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed. Michael Saylor, whose company Strategy recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Saylor Pushes Back On Blame Strategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright. He argued that capital markets have been funding the AI buildout at historic scale — roughly $400 billion over six months — and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset. SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs of SpaceX, Anthropic, and OpenAI a