Lookonchain APP

App Store

BitMine increased its ETH holdings by 126,971 coins last week, bringing the total holdings to 5.5438 million coins.

2026.06.08 20:42:25

On June 8, BitMine announced it added 126,971 ETH to its holdings last week. As of June 7, 2026, the firm’s total Ethereum stockpile hit 5,543,872 coins, making up roughly 4.59% of Ethereum’s total supply. BitMine’s overall assets—including cryptocurrency, cash, and other investments—currently stand at approximately $9.6 billion. That breaks down to $2.47 billion in cash, 204 BTC, $180 million in equity stakes in Beast Industries, and an $88 million investment in Eightco Holdings (ticker: ORBS). Additionally, BitMine has staked 4,718,677 ETH, which accounts for over 85% of its total Ethereum holdings. This staked ETH is valued at around $7.7 billion, with annual staking rewards totaling roughly $230 million at present. Tom Lee noted that BitMine’s weekly ETH accumulation pace used to be about 26,000 coins—but this week, that rate surged dramatically to 126,971 coins. The company’s decision to ramp up purchases stemmed from its view that the recent ETH price correction doesn’t reflect Ethereum’s continuously improving fundamentals, so it chose to add more holdings amid the market dip.
Relevant content

Suspected a16z address has staked 2.785 million HYPE tokens, worth approximately $164 million.

According to Mlm monitoring, a HYPE whale staked 2.785 million HYPE tokens via 20 wallets over the past 11 hours, worth roughly $164 million. The whale had previously accumulated 2.94 million HYPE tokens between September and October last year, currently valued at approximately $172 million, and ranks among HYPE’s largest holders. The whale may be linked to a16z, though this association has not been confirmed.

1 seconds ago

Intel's pre-market trading rose nearly 5% on the back of strong Q2 performance and Q3 guidance that exceeded expectations.

According to market data from BIT (bit.com), Intel (INTC) is up nearly 5% in pre-market trading, as its Q2 results were strong and Q3 guidance exceeded expectations.

1 seconds ago

Jiang Zhuoer: The CLARITY Act has only a 10% to 20% chance of passing, with major disagreements on ethical provisions persisting between the two parties.

Jiang Zhuoer, founder of BTC.TOP, stated in a post that the Clarity Act has only a 10% to 20% chance of passing, with major disagreements persisting solely on its ethics provisions. The proposal agreed by Trump only restricts the president and their spouse from engaging in crypto asset issuance, while Democrats demand including other family members and family entities in the restrictions. The two sides also failed to reach an agreement on law enforcement authority: Trump supports the U.S. Department of Justice (DOJ) being responsible for prosecuting violations, but Democrats argue the Attorney General is appointed by the president and demand granting state attorneys general the right to prosecute as well. Jiang believes that fully accepting the Democrats’ proposed restrictions would leave Trump with little incentive to sign the bill. Apart from the ethics provisions, multiple disagreements also exist in other parts of the legislation. The U.S. Congress will adjourn on August 7, with only around 10 working days remaining, leaving the procedural timeline extremely tight and making it difficult to bridge major divides before adjournment. He added that Congress’s session from September 14 to October 5 falls near the midterm elections, and lawmakers must also handle budget and appropriations agendas, with even a potential government shutdown risk. Democrats also lack the political incentive to push the bill through before the elections.

1 seconds ago

Bitget has completed dividend distributions for 63 stocks including Micron Technology and TSMC.

According to an official announcement, Bitget has completed the dividend distribution for 63 US stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (Taiwan Semiconductor Manufacturing Company, TSMC). The platform has settled USDT dividends proportionally for users who held the relevant assets at the snapshot time, with the entire process automated—no user action is required. This distribution covers multiple asset categories including technology, semiconductors, communications, and index ETFs. Users can check specific details via: in the App, navigate to "Assets" → "Financial Records" → "Spot" → "Other" → "Dividends"; or on the Web, go to "Asset Overview" → "Spot Orders" → "Fund Flow" → "Other" → "Dividends". The final credited amount and timing shall be subject to the platform’s actual credit and page display.

1 seconds ago

Ethereum breaks through $1,900

According to HTX market data, Ethereum has broken through the $1900 level, with a 0.92% decline in the past 24 hours.

1 seconds ago

Analyst: If ETH holds the $1,850 support level, it may rebound to $2,060.

Crypto analyst Ali Charts posted that Ethereum rebounded after testing the lower boundary of its price channel. The current key support level stands at $1,850; as long as this level holds, Ethereum could rally back toward the channel’s upper boundary, around $2,060.

1 seconds ago