Bitmine Climbs 6% as Ethereum Extends Rally After SEC Tokenization Order; Sharplink Rises 5%, Coinbase Jumps 6%
The SEC exemption opened a regulated path for tokenized U.S. stocks, lifting Ethereum 5.7% and sending Coinbase and Bitmine higher, analysts said.
- Strategy resumed Bitcoin purchases on Monday after a two-week pause, acquiring 950 BTC for $75.7 million while simultaneously deploying $174 million to repurchase STRC preferred stock.
- This dual-track deployment reflects Strategy's effort to balance Bitcoin accumulation against debt reduction, managing liquidity while navigating competing balance sheet priorities and preferred-stock obligations.
- The Securities and Exchange Commission issued a five-year exemption on Sept. 17 creating a regulated pathway for tokenized U.S. stocks, sparking immediate rallies in crypto-linked equities including Bitmine and Coinbase.
- As of Sept. 20, Bitmine Immersion Technologies held nearly 6 million Ethereum tokens with roughly 85% staked, projecting annual staking revenue of roughly $357 million at current yields.
- Bitmine Chairman Tom Lee expects institutions to substantially increase crypto exposure in late 2026, citing capital rotation from artificial intelligence stocks as a potential catalyst for further gains.
63 Articles
63 Articles
Bitcoin Surges Above $85,000 as Strategy Stops BTC Purchases
Bitcoin climbed above $85,000 after Strategy purchased 950 BTC, bringing its holdings to approximately 846,000 coins. Ethereum also gained as Bitmine Immersion expanded its reserves to nearly six million ETH. Crypto sentiment strengthened, with PEPE and Dogecoin posting strong gains, while regulatory uncertainty in the U.S. and Europe continues shaping the industry.
Saylor’s Strategy Makes First Purchase of Bitcoin Since August
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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.
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