ETH Treasury Buying: Can Bitmine’s $136M Purchase Revive the Wall Street Ethereum Trade?
BitMine’s $136M ETH buy and 9.5% preferred raise spotlight treasury demand as desks track basis, liquidity and funding costs. Could this revive Wall Street?
Cointelegraph·
A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.”
Read full articleBitMine’s $136M ETH buy and 9.5% preferred raise spotlight treasury demand as desks track basis, liquidity and funding costs. Could this revive Wall Street?
Senators press Treasury to keep state regulators in the GENIUS Act stablecoin process as final rulemaking moves ahead after comments closed.
Strategy has added another 1,587 BTC, continuing its Bitcoin treasury strategy through a fresh $100 million purchase.
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The launch comes as financial institutions increasingly compete to manage assets backing dollar-pegged stablecoins.
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