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An Ethereum treasury firm run by Fundstrat’s Tom Lee accumulated an additional 179,251 ETH in the past week. BitMine Immersion Technologies, the largest Ethereum treasury firm in the world, now holds a total of 2,830,151 ETH worth more than $13.23 billion at time of writing. BitMine also holds 192 Bitcoin (BTC), $456 million in unencumbered cash and a $113 million stake in the crypto treasury company Eightco Holdings (ORBS), which represents one of the firm’s “moonshots,” an investment strategy designed to support projects in the Ethereum ecosystem. Eightco Holdings announced last month that it planned to raise approximately $270 million to fund a treasury strategy focused on Sam Altman’s Worldcoin (WLD), an Ethereum-based crypto asset. BitMine currently owns more than 2.3% of the total ETH supply, and Lee notes the firm aims to reach “the alchemy of 5%.” “The BitMine team sat down with Ethereum core developers and key ecosystem players and it ...

Shiba Inu is one of the leading cryptocurrency tokens that is yet to show its momentum in its true sense. The token has long been stuck in a vicious price spot range, the one that refuses to let the token explore new price horizons. However, this resistance is also acting as an elemental component for SHIB to create friction, which again, could play a significant role when the token finally breaks free to explore new price highs independently. Here are the four reasons why SHIB is all set to explore a breakthrough, possibly by 2026, a year when the token could show its true potential and might. Also Read: Shiba Inu Twice Hit $0.00003 In 2024: Can It Do It By 2025 End? 4 Leading Reasons Shiba Inu Could Hit New Highs in 2026 1. Prioritizing Shibarium Boost Source – Analytics Insight Shibarium is one of the core components of the SHIB ecosystem. Its constant expansion and attention to detail can be highly beneficial for the asset to surge high in the near future. Shibarium has been o...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

On the eve of the US presidential election, the Bitcoin Policy Institute published a report endorsing a strategic reserve of bitcoin akin to US strategic reserves of gold, medical equipment, minerals, or petroleum. Asking whoever becomes president to ask the US Treasury Secretary to buy bitcoin, the 53-page research paper attempts to cover the pros and cons of investing in the crypto as a sovereign. The authors distinguish between bitcoin as a central bank asset held by the Federal Reserve and bitcoin as a discretionary investment of the US Treasury. The paper specifically advocates for the latter. Authors tossed around proposals like a multi-year, dollar cost-averaging purchase program — or buying enough bitcoin to equal the amount of the Treasury’s gold reserves . After these far-from-conservative examples, the authors recommended forming governance boards to plan a realistic fiscal policy. Readers might also be curious as to why the paper is asking for a strate...