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

Ethereum Consolidates Around $1,850 as BitMine Doubles Down on Massive ETH Bet

Guavy AI Editorial Team
Instruments
BTC ETH
Share

Ethereum is consolidating around $1,850 after making gains in the last 24 hours. The cryptocurrency market has had a positive start to the day with Bitcoin and Ethereum recovering from the weekend slump.

BitMine Immersion Technologies (BMNR), an Ethereum treasury company, continued its aggressive repurchasing of shares last week, buying 4.5 million common stock shares.

The company's $ETH token holdings now total 5.797 million, with over 10,000 tokens added to its balance sheet in the latest acquisition.

BitMine Chairman Thomas Lee said that Ethereum's outperformance of the Nasdaq 100 by 25 percentage points is a sign of strengthening fundamentals in crypto.

More on Crypto

Crypto just now

XRP Leads Losses as Bitcoin Holds Steady Near $64,000

Crypto just now

Binance Sues RedotPay Founders Over Alleged Customer Diversion Scheme

Crypto 1m ago

Circle Shares Soar on Boosted Arc Blockchain Revenue Outlook

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. 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

Real-time 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