Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

BitMine Sells $34.55M in Ethereum, Boosts BMNR Stock

Guavy AI Editorial Team
Instruments
ETH
Share

BitMine's latest Ethereum (ETH) purchase has put BMNR stock back in focus. The company acquired 12,500 ETH worth approximately $34.55 million from Kraken, according to on-chain data from Lookonchain.

The transfer is the latest move in BitMine's Ethereum-focused treasury strategy, which has been led by chairman Tom Lee. While this single transaction does not confirm whether the company intends to accumulate more ETH or simply manage its existing holdings, investors are closely watching for further developments.

BMNR stock rose 8.84% on September 21, closing at $28.25 after a strong daily gain of $2.30. The Ethereum transfer value was around $2,764 at the time of the move.

More on Crypto

Crypto just now

Bitcoin Trader Bets $3.17M on Price Reaching $95K by October 30

Crypto just now

Bitcoin Eyes $90K Target Amid Oil Price Drop and Record ETF Inflows

Crypto 1m ago

Binance Faces US Investigation for Alleged Iran Sanctions Violations

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy