Overview
- Corporate Ether purchases fell to 370,000 ETH in November from 1.97 million in August, an approximately 81% decline, according to Bitwise.
- BitMine executed another large buy of roughly $150 million in ETH, pushing its holdings above 3% of the circulating supply, blockchain data show.
- Bitwise says the treasury trade’s support is waning as buying narrows toward Ethereum’s roughly 80,000 new monthly ETH issuance and mNAV multiples compress.
- BitMine has added about 679,000 ETH over the past month and now holds more than 3.7 million ETH as it pursues a stated goal of 5% of total supply.
- New financing approaches are emerging for future accumulation, including Republic Technologies’ $100 million zero-interest convertible note tailored for ETH purchases.