Blog

Nov 01, 2025

BitMine Buys $29 Million in Ethereum as Kalshi Traders Cut $5K Price Odds to 34%

BitMine has made a fresh bet on Ethereum, acquiring 7,660 ETH worth about $29 million from Galaxy Digital. The large inflow into BitMine’s wallet highlights renewed institutional appetite for the world’s second-largest cryptocurrency despite growing caution in retail markets. Institutions Accumulate Ethereum While Retail Traders Turn Bearish According to Arkham data, the transactions occurred with

The post BitMine Buys $29 Million in Ethereum as Kalshi Traders Cut $5K Price Odds to 34% appeared first on CoinGape.

Source: CoinGape →


Share

BTCBTC
$72,261.00
0.99%
ETHETH
$2,213.74
0.12%
USDTUSDT
$1.00
0%
XRPXRP
$1.35
0.19%
BNBBNB
$606.46
0.23%
USDCUSDC
$1.000
0.01%
SOLSOL
$83.87
0.53%
TRXTRX
$0.319
0.35%
FIGR_HELOCFIGR_HELOC
$1.03
0.05%
DOGEDOGE
$0.0928
0.73%
USDSUSDS
$1.000
0%
WBTWBT
$53.41
0.36%
HYPEHYPE
$39.80
2.8%
ADAADA
$0.256
0.36%
LEOLEO
$10.12
0.54%
BCHBCH
$443.72
0.09%
LINKLINK
$8.96
1.02%
XMRXMR
$339.41
1.14%
USDEUSDE
$1.000
0.02%
CCCC
$0.147
3.09%