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ETH Treasury Firms Move: BitMine Stakes, SharpLink Buys Dip
  • ETH0%

CoinEx News: In the past 24 hours, Ethereum digital asset treasury firms, or public companies holding ETH on their balance sheets, made several new moves. On June 26, BitMine said it will enter the Russell 1000 index, while on-chain data showed it staked another 160,480 ETH, worth about $249 million, lifting total staked ETH to 4.88 million. SharpLink also resumed ETH accumulation after about eight months, receiving 5,000 ETH from FalconX, worth about $7.85 million.

These moves do not prove ETH demand is turning higher. But they show listed ETH treasury firms are still adding or locking ETH even while prices remain weak, making BMNR and SharpLink useful equity-side gauges for institutional ETH risk appetite.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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