Bitmine buys 20,000 Ethereum for $42M amid market crash

Despite the market crash, Tom Lee’s Bitmine has purchased an additional 20,000 Ethereum, valued at $41.98 million. This acquisition highlights the strategy of many investment firms to capitalize on market dips, viewing them as opportunities to accumulate valuable assets like Ethereum. Ethereum’s appealing long-term potential, enhanced by ongoing network upgrades, continues to attract interest from strategic investors seeking to hedge against economic volatility.

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Bitcoin Desk 16 hours ago

Michael Saylor outlines Strategy’s $70B Bitcoin acquisition plan

Michael Saylor announced that Strategy plans to purchase $70 billion worth of Bitcoin, aiming to hold a 7.5% share of the network. Saylor has discussed capping Bitcoin holdings at a certain network percentage to ensure […]

Bitcoin Desk February 7, 2026

Garrett Jin deposits 1,599 Bitcoin valued at $112M to Binance within 2 hours

Garrett Jin, known as a crypto whale, deposited 1,599 Bitcoin (valued at $112 million) to Binance within a two-hour window. This significant transaction aligns with a trend where large-scale Bitcoin holders, often referred to as […]

Bitcoin Desk 20 hours ago

CFTC updates stablecoin guidelines, allowing trust banks as issuers

The Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) have updated their guidance to allow national trust banks to issue stablecoins, marking a significant regulatory development. This revision, articulated in the […]