CoinDesk 20 performance update: SUI drops 1.1%, leading index lower
Cronos (CRO), also down 1.1%, joined Sui (SUI) as an underperformer....
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Bitmine made its largest ETH purchase this year despite Tom Lee's slowdown suggestion
Bitmine purchased 111,942 ETH ($237 million) last week, its largest buy since December, despite chairman Tom Lee's earlier slowdown signal. The firm now holds 4.47% of Ethereum's supply, targeting 5% by end-2026. With $12.3 billion in holdings and $276 million annualized staking revenue, Bitmine capitalizes on ETH's dip below $2,200, signaling institutional confidence in Ethereum's long-term value.
Bitcoin treasury firms add 603 BTC as Strategy pauses buying
Corporate Bitcoin treasuries acquired 603 BTC worth $46 million below $80,000 last week, with smaller firms like Strive and DDC Enterprise leading purchases as market leader MicroStrategy paused its weekly buying streak. The activity signals sustained institutional demand despite spot Bitcoin ETF outflows of $1.54 billion, suggesting smart money continues accumulating on dips while retail investors exit positions.