Ethereum Price Prediction: BitMine Buys $74M ETH as Strategy Sells Bitcoin

1 month ago 4

Rommie Analytics

Ethereum is back in the spotlight as the crypto market rebounds, but this time the main story is not only about price. While Bitcoin reclaimed the $63,000 level after President Trump’s latest pro crypto comments, a deeper institutional shift may be forming between Bitcoin and Ethereum.

BitMine, the Ethereum treasury company chaired by Tom Lee, has continued adding ETH to its balance sheet. Its latest weekly update shows that the company acquired 42,197 ETH, bringing total holdings to 5,742,237 ETH, equal to around 4.8% of Ethereum’s total supply. BitMine also said its total crypto, cash, marketable securities, and “moonshot” holdings reached $11.1 billion.

At the same time, Michael Saylor’s Strategy sold 3,588 Bitcoin for around $216 million to fund dividends on its preferred stock. Strategy still holds a massive 843,775 BTC, but the sale matters because it challenges the long running market belief that Saylor’s company only buys and never sells.

That contrast is now shaping the latest Ethereum price prediction: is institutional cap...

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