11 Aug 2025, 19:30

Ethereum Corporate Holder BitMine Adds 317,000 ETH to its Reserve

BitMine Immersion Technologies announced it has added 317,000 Ethereum (ETH), valued at about $4.9 billion. The disclosure extends the firm’s rapid Ethereum accumulation this summer. It also comes as Ethereum rallies above the $4,000 psychological level. BitMine Becomes Largest ETH Corporate Holder The latest purchase places BitMine as the largest Ethereum corporate treasury globally with total holdings of 1,150,263 ETH. In an earlier purchase, BitMine added 208,137 ETH to its growing crypto treasury. The latest announcement revealed BitMine has added 317,000 ETH, valued at $1.3 billion , to its holdings since last week. BitMine launched its ETH treasury strategy on June 30, 2025. The company also revealed plans to buy back up to $1 billion of its outstanding common stock . Since it announced its Ethereum strategy, BitMine has recorded many key milestones. The firm now ranks as the third-largest crypto treasury in the world, behind only Microstrategy and Mara Blockchain. Firms Join BitMine in Adopting ETH Although BitMine has positioned itself as an Ethereum-denominated treasury, more public firms have added ETH to their balance sheets. Specifically, SharpLink recently purchased an additional 15,822 ETH , valued at around $53.9 million. The firm purchased the coins through multiple transactions, with the largest single transfer involving 6,914 ETH. This buy brought SharpLink’s total ETH holdings to 480,031 ETH, equivalent to approximately $1.65 billion. In a similar move, The Ether Machine acquired 15,000 ETH for $56.9 million. The firm bought the coins at an average price of $3,809 per ETH, pushing its total holdings to 334,757 ETH. Meanwhile, Ethereum co-founder Vitalik Buterin has voiced support for the Ethereum treasury companies. He praised the impact of these firms in expanding ETH to a broader investor base. However, he warned against the risks of excessive leverage in the sector. Ethereum Momentum Continues to Build The increasing interest in ETH among corporate holders comes amid rising prices. The leading altcoin climbed to $4,000 on Friday, August 8, 2025. ETH continued to rally high, trading at $4,288 as of this writing. In the past 24 hours, the ETH price increased by 2.2%. Investor activity has also increased alongside the soaring prices. Notably, ETH daily trading volume increased by 2.3% to $40.4 billion. The post Ethereum Corporate Holder BitMine Adds 317,000 ETH to its Reserve appeared first on TheCoinrise.com .

11 Aug 2025, 19:30

Dogecoin (DOGE) Eyes Potential Breakout Above $0.36 Amid Mixed Market Signals

Dogecoin (DOGE) is on the verge of a potential breakout, with a critical resistance level at $0.36 that could lead to a price surge towards $0.70. DOGE has surged over

11 Aug 2025, 19:23

Dogecoin Flashes Major Breakout as $0.70 Becomes New Target

Dogecoin is 68.42% far from reaching its ATH, but this might be cleared at once

11 Aug 2025, 19:22

Binance Founder CZ Discusses an Unusual Altcoin: Volatility Skyrocketed, But Price Plummeted

A creative move has taken place in the crypto world. A new altcoin, “ CZ,” has been launched, and the text “ CZ” has been created on the chart using price action. This unusual move was also noticed by Binance founder Changpeng Zhao (CZ). CZ said in a statement on social media, “I never imagined such a use. ” Fiyat hareketi manipülasyonu ile kalp emojisi ve CZ ismi oluşturulan tokenin grafiği. The altcoin in question has witnessed a surge of volatility since CZ's mention. Its market cap is currently around $309,340. It is held by around 1,600 investors. However, with its extremely low liquidity, the altcoin's price action appears to be very risky. Related News: BREAKING: Donald Trump Extends Deadline for Tariffs on China for 90 Days The coin lost 74.45% of its value in just six hours and has fallen by approximately 61% in the last 24 hours. However, the 7-day chart shows a significant 676% increase. CZ's similarly mentioned Test (TST) token lost its intended testing function and became a memecoin. However, such a transformation seems unlikely this time around. *This is not investment advice. Continue Reading: Binance Founder CZ Discusses an Unusual Altcoin: Volatility Skyrocketed, But Price Plummeted

11 Aug 2025, 19:20

Nakamoto CEO David Bailey wants to buy $1 billion worth of Bitcoin

David Bailey, CEO of Bitcoin-native holding company Nakamoto, told his followers on X that he’s finally going to “smash buy $1 billion of bitcoin in a single bid” tomorrow, a long-held personal dream. When asked if he truly planned to spend $1 billion in one go, Bailey said that the number was “generous rounding,” adding that the real figure is closer to $760 million. The gap between those amounts is not small, but Bailey clarified that the gap that led to the “generous rounding” was because of the cutoff since Nakamoto filed its definitive information statement. Bailey stirs the crows ahead of a chunk BTC buy Bailey’s post on Monday read: “Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true.” The message quickly spread among Bitcoin circles, stoking speculation that Nakamoto might be preparing a major accumulation event. Bailey has been counting down to August 11 on his X account, although he later extended it by one day, with various posts detailing Nakamoto’s strategy to become one of the leading companies to acquire Bitcoin globally, as he believes it will become the most valuable asset in human history. Following his post about smash buying $1 billion worth of Bitcoin, he posted this: “We have a one-of-a-kind strategy at Nakamoto, once you see it in action you’ll understand why we’ll be one of the top holders of Bitcoin in the world. We’re building a Bitcoin juggernaut.” However, his response to a comment on his initial tweet about his current fiat liquidity has stirred up divisive conversations on the timeline. It’s not the first time Bailey has blended serious Bitcoin advocacy with trolling flair. The long-time industry figure, who has been involved in Bitcoin media and advocacy for years, frequently uses social media to draw attention to his projects. The birth of Nakamoto Bailey’s Nakamoto is a Bitcoin-native holding company created earlier this year through a merger with Nasdaq-listed KindlyMD. The combined entity has been pitched as a public-facing Bitcoin treasury business, with plans to accumulate BTC and explore yield strategies for shareholders. As part of the deal, the company announced it had secured up to $710 million in capital commitments to fund its accumulation strategy. The move to merge with KindlyMD also enables Nakamoto to tap public markets and trade under a new ticker, positioning itself alongside other Bitcoin-heavy balance sheet companies such as Strategy (formerly MicroStrategy). The actual “smash buy” comes at a moment when Nakamoto is actively building visibility after its post-merger rollout. In that sense, even a $760 million buy, framed as a billion-dollar dream, is in keeping with the company’s approach, which is BTC accumulation. Tomorrow’s purchase will bring a close to a countdown that has been ongoing for over 14 days, and its impact on the market tomorrow will be well documented. Bailey’s Nakamoto is actively walking the path cut by Strategy’s Michael Saylor, who Bailey has hailed as the “greatest of all time,” visionary, and one-of-one, without whose leadership and encouragement, Nakamoto would not be happening. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

11 Aug 2025, 19:17

Sui Price Falls 4% as Heavy Selling Pressure and Long Liquidations Hit Market

Sui’s ( SUI ) price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows. The token’s price fluctuated $0.28, or approximately 7%, between session highs of $3.98 and lows of $3.69. The digital asset initially demonstrated strength, advancing from $3.88 to $3.98 with institutional volume exceeding 18 million units, before encountering significant resistance at the $3.97 to $3.98 level where corporate selling pressure intensified. Trading volume then saw a dramatic reversal, characterized by exceptional trading volume of 35.3 million units, establishing a critical support threshold near $3.71 to $3.72 where institutional buyers attempted to defend valuations. The session concluded at $3.69, representing a 5% decline from opening levels, suggesting continued bearish sentiment among corporate investors despite established support mechanisms. SUI’s derivatives market also saw a wave of long positions unwind, with open interest falling 15% to $1.79 billion, according to CoinMarketCap. Funding rates — which influence the cost of holding leveraged long positions — dropped to 0.0083%, down sharply from their July peak of 0.075%. The decline in rates reduced the incentive for traders to maintain bullish leveraged bets, signaling a cooling in market sentiment. SUI is underperforming the broader crypto market as measured by the CoinDesk 20 Index , which is flat over the past 24 hours. Despite a rough past 24 hours, the token is still up about 5% over the past seven days and 9% over the past month as several positive developments caught investor’s eyes last week. Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients on Friday. Earlier that week, another Swiss institution, Amina Bank, said it had started offering both trading and custodial services for SUI. SUI’s month-long rally may be prompting some investors to lock in gains, adding to selling pressure in the market. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy .