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Bitmine Climbs 6% as Ethereum Extends Rally After SEC Tokenization Order; Sharplink Rises 5%, Coinbase Jumps 6%
The order creates a regulated path for tokenized U.S. stocks and traders say the move is boosting demand for Ethereum-linked crypto assets.
- On September 17, the SEC issued a five-year exemption creating a regulated pathway for tokenized representations of U.S. stocks, enabling trading venues to issue tokenized equities effective immediately.
- Following the regulatory order, Ethereum surged 5.7% to $2,727, while Bitmine Immersion Technologies and Coinbase each jumped 6% as markets anticipated on-shore tokenized equity rollouts.
- Strategy resumed Bitcoin purchases after a two-week pause, acquiring 950 BTC for $75.7 million while simultaneously deploying $174 million to repurchase STRC preferred stock.
- With holdings reaching 5,983,940 tokens, Bitmine expanded its Ethereum treasury by 27,562 ETH and projects roughly $357 million in annual staking revenue at current yields.
- Chairman Tom Lee will deliver a keynote at Korea Blockchain Week on September 30, discussing crypto fundamentals and tokenization as potential catalysts for institutional investor participation.
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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 Sources49
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
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