CMB Stock News Of The Day 📰🗞️🗞️📈📉

“BitMine Slows Ethereum Buying as Treasury Strategy Expands Across Crypto Market” 🚨🚨🚨

BitMine Immersion Technologies, the largest corporate holder of Ethereum, says it will slow its accumulation after rapidly building a massive position worth about $12 billion.

The firm has acquired more than 5.2 million ETH, representing roughly 4.3% of total supply, and expects to approach its 5% target later this year. Despite the slowdown, BitMine Chairman Tom Lee remains bullish, saying a sustained move above $2,100 ETH could confirm what he calls a “crypto spring” phase.

He noted that if Ethereum closes above that level for a third straight month, it would mark a rare streak not seen in prior bear markets.

Meanwhile, SharpLink Gaming, the second-largest Ethereum treasury holder, is expanding its strategy through a $125 million liquidity partnership with Galaxy Digital. The move is aimed at deploying capital into on-chain yield strategies and generating more active returns from treasury holdings.

SharpLink also reported Q1 revenue of $12.1 million but posted a net loss of $685.6 million, largely driven by non-cash impairments and market-related valuation swings.

In broader ecosystem developments, the Ronin blockchain — once hacked for roughly $625 million by the Lazarus Group — is transitioning to an Ethereum layer-2 network, signaling continued consolidation in crypto infrastructure.