BitMine Expands Ethereum Holdings as Fundstrat Flags Potential 2026 Dip
The post BitMine Expands Ethereum Holdings as Fundstrat Flags Potential 2026 Dip appeared on BitcoinEthereumNews.com.
Tom Lee’s BitMine Immersion Technologies recently acquired 13,412 Ethereum worth $40.61 million, elevating its holdings beyond 4 million ETH and representing 3.37% of the total supply. This strategic buy signals strong confidence in Ethereum’s future amid market fluctuations, while Fundstrat forecasts a potential dip in early 2026. BitMine’s Ethereum accumulation demonstrates unwavering belief in long-term cryptocurrency potential, even as peers hesitate during volatility. Fundstrat’s analysis anticipates a first-half 2026 correction, with Ethereum possibly dropping to $1,800 from current levels near $3,000. Blockchain data reveals transactions via Kraken’s wallet, underscoring efficient treasury management with over $1 billion in cash reserves alongside a $12 billion ETH portfolio, per on-chain records. Discover how BitMine’s $40M Ethereum purchase boosts holdings past 4M ETH amid Fundstrat’s 2026 dip warning. Explore implications for crypto investors seeking stability in volatile markets—stay informed on key strategies today. What is BitMine’s Latest Ethereum Purchase and Its Significance? BitMine Ethereum purchase involves the acquisition of 13,412 ETH tokens valued at around $40.61 million, as verified through blockchain analytics. This transaction, executed from a Kraken hot wallet, increases BitMine’s total Ethereum holdings to over 4 million tokens, equating to 3.37% of the circulating supply. The move highlights the firm’s commitment to building a substantial digital asset reserve despite recent market corrections. What Does Fundstrat Predict for the 2026 Crypto Market? Fundstrat Research’s internal note, authored by digital asset strategy head Sean Farrell, projects a significant drawdown in the first half of 2026 for major cryptocurrencies including Bitcoin, Ethereum, and Solana. According to the document titled “2026 Crypto Outlook: Near-Term Headwinds, Second-Half Upside,” Ethereum could retreat to between $1,800 and $2,000, Bitcoin to $60,000–$65,000, and Solana to $50–$75. These projections stem from historical market cycles and macroeconomic factors, with Farrell emphasizing that such levels may offer compelling entry points later in the…
