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Bitmine Makes Its Largest Weekly ETH Purchase

<p class="text-left mb-4 ">Ethereum treasury company Bitmine Immersion Technologies (BMNR) bought 111,942 ETH last week. This marked the company’s largest weekly purchase since December 2024. Its total ETH holdings reached 5.39 million tokens; 4.47% of Ethereum’s circulating supply of 120.7 million tokens is now held by this company.</p><p class="text-left mb-4 ">At today’s prices, the weekly purchase is worth roughly $237 million. <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">ETH </a>is currently trading around $2,134.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ethusdt-2026-05-26-17-29-39-68d6941d.webp" alt="ETHUSDT_2026-05-26_17-29-39.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Plan changed, pace increased</h2><p class="text-left mb-4 ">At the Consensus 2026 conference held in Miami in early May, Chairman Tom Lee said they would slow the pace of weekly purchases. Within a week or two, the plan changed. ETH fell from around $2,400 in April and early May to near $2,100. Bitmine saw this decline as worth buying.</p><p class="text-left mb-4 ">Lee said this directly in the company’s official statement: “We continue to steadily buy ETH. We view price levels below $2,200 as an attractive opportunity.” He also repeated the company’s goal of holding 5% of supply in 2026. In the company’s own words, it has reached 4.47% in 11 months on its way to the “alchemy of 5%.” In other words, it has completed 89% of the target.</p><p class="text-left mb-4 ">Lee also emphasized that they see two major catalysts ahead for Ethereum: Wall Street’s asset tokenization and the growing need of AI agents for public blockchains. Bitmine presents these two trends as the core arguments behind its ETH accumulation strategy.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The full portfolio</h2><p class="text-left mb-4 ">Bitmine’s total crypto and cash holdings stand at $12.3 billion. ETH is the dominant part of this portfolio; 5.39 million tokens are worth around $11.5 billion at $2,134. The company also holds 203 Bitcoin and $444 million in cash.</p><p class="text-left mb-4 ">The portfolio also includes equity positions the company calls “moonshots”: a $200 million stake in Beast Industries and a $95 million stake in Eightco Holdings (NASDAQ: ORBS). Eightco is one of the few publicly traded companies in the world that offers indirect exposure to OpenAI.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Staking: More than accumulation</h2><p class="text-left mb-4 ">Bitmine has staked 87% of its ETH holdings, equal to more than 4.71 million tokens. At a price of $2,134, this position is worth $10.1 billion. Annual staking revenue has reached around $276 million, while the seven-day yield was reported at 2.75%.</p><p class="text-left mb-4 ">Bitmine also built its own infrastructure for a staking operation of this scale. MAVAN, short for Made in America VAlidator Network, was launched in 2026 and was initially developed only to stake Bitmine’s own ETH. Now its scope is expanding; the company plans to open it to institutional investors, custodians and ecosystem partners.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Global ranking</h2><p class="text-left mb-4 ">Bitmine maintains its position as the world’s largest ETH treasury. In the global crypto treasury ranking, it is second only to Strategy Inc. (MSTR). Strategy holds a portfolio worth $64 billion with around 818,000 BTC.</p><p class="text-left mb-4 ">The stock’s liquidity also paints a notable picture. According to Fundstrat data, BMNR’s five-day average daily trading volume stands at $572 million, placing it 193rd among 5,704 US-listed companies. It ranks just behind Trane Technologies at 192 and ahead of Delta Airlines at 194.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Institutional support</h2><p class="text-left mb-4 ">The company’s investor base also stands out. Institutional names such as Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG and Galaxy Digital are among Bitmine’s shareholders. Tom Lee also continues to support the company both as Bitmine’s chairman and as a personal investor.</p><p class="text-left mb-4 ">In April 2026, the company moved from NYSE American to the New York Stock Exchange. Its ticker remained BMNR.</p><p class="text-left mb-4 ">While assessing the market outlook, Lee also highlighted the GENIUS Act and the SEC’s Project Crypto initiative. He compares these regulatory steps to the United States abandoning the gold standard in 1971; pointing to how that decision transformed Wall Street, he argues that today’s crypto regulations could have a similar impact.</p>

26 May 2026

Strategy Bought Bonds, Not Bitcoin, This Week

<p class="text-left mb-4 ">Strategy’s latest move was unusual: instead of buying Bitcoin, it paid down debt. The company repurchased a $1.5 billion tranche of its zero-coupon convertible notes due in 2029. The amount payable was $1.38 billion, meaning the notes were bought back below their nominal value, at a discount of roughly $120 million. The transaction was funded from cash reserves, reducing the company’s cash holdings to around $871 million. The agreement was completed last week and disclosed to the public in a filing on Tuesday.</p><p class="text-left mb-4 ">Executive Chairman Michael Saylor announced the move briefly on X: “This week we bought bonds, not Bitcoin. BitVac is charging.”</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-05-26-154751-52f2ddb7.webp" alt="Ekran görüntüsü 2026-05-26 154751.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What Changed and What Stayed the Same?</h2><p class="text-left mb-4 ">Following the transaction, the company’s total debt load fell from $8.2 billion to $6.7 billion. Although it may look like a one-off move, the broader context matters. Strategy has long used various debt instruments to buy Bitcoin, but this time it focused on the liability side of its balance sheet.</p><p class="text-left mb-4 ">Its Bitcoin treasury remained untouched. The company still holds 843,738 BTC, with an average purchase price of $75,700 per coin and a total cost of approximately $63.9 billion. This remains the largest Bitcoin stockpile held by any company worldwide.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Market Reaction Remained Limited</h2><p class="text-left mb-4 ">MSTR shares traded 1.9% higher in pre-market activity after the news. On the Bitcoin side, the picture was slightly more mixed. At the time of writing, <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">BTC </a>was trading at $77,172, within a 24-hour range of $76,452 to $77,703. The daily change stood at minus 0.31%, while the weekly performance remained positive at 0.64%. Over the past month, BTC was down 1.17%.</p><p class="text-left mb-4 ">In short, Bitcoin is neither showing a strong recovery nor facing heavy selling pressure; it appears stuck around the $77,000 range. The debt repurchase did not trigger a major price move in this environment, but it can be read as a signal of balance sheet confidence.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How to Read the Move</h2><p class="text-left mb-4 ">Considering that Strategy frames its Bitcoin accumulation as a long-term game, this step looks consistent. As borrowing costs rise slightly from zero or refinancing conditions shift, it makes sense for the company to optimize its existing liabilities, especially if it can repurchase notes below their nominal value.</p><p class="text-left mb-4 ">The company reported a BTC yield of 13.3% for the year, meaning management argues that BTC value per share has increased despite Bitcoin’s ongoing price volatility. Debt reduction contributes directly to that equation; less debt means less interest pressure and more room to maneuver.</p><p class="text-left mb-4 ">For now, the broader strategy does not appear to have changed. Strategy continues to hold Bitcoin, and the market already knows this. But its willingness to clean up the balance sheet is also partly shaping how the bond market views the company. A debt load of $6.7 billion is still far from small.</p>

26 May 2026

Crypto Funds See $1.47 Billion in Outflows as 9 Altcoins Stay Positive

<p class="text-left mb-4 ">Crypto investment products saw $1.47 billion in outflows this week. This marks the third-largest weekly outflow of 2026 and the second consecutive negative week. It is the sharpest selling wave since the twin $1.7 billion outflow weeks recorded at the end of January.</p><p class="text-left mb-4 ">According to CoinShares’ weekly report, cumulative outflows over the past two weeks reached $2.54 billion. Despite progress around the CLARITY Act, risk appetite continues to weaken due to Iran-related geopolitical concerns, and this pressure is now spreading geographically.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin Records Its Largest Weekly Outflow of 2026</h2><p class="text-left mb-4 ">Bitcoin funds ended the week with $1.315 billion in outflows. This figure surpassed the late-January peak, making it the largest weekly BTC outflow of 2026. Year-to-date cumulative inflows into Bitcoin fell from $3.9 billion to $2.6 billion. In other words, $1.3 billion was erased in a single week.</p><p class="text-left mb-4 ">U.S.-based spot <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>ETFs also posted $1.26 billion in outflows, marking their worst week since late January.</p><p class="text-left mb-4 ">Ethereum was also affected by the broader pressure. ETH products recorded $222.8 million in outflows, almost unchanged from the previous week. Ethereum’s year-to-date cumulative flow has now turned negative at minus $89 million.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Selective Interest in Altcoins Continued, But Weakened</h2><p class="text-left mb-4 ">Although the broader picture remained negative, some altcoin funds managed to stay in positive territory. XRP funds saw $31.8 million in inflows, while Solana received $7.7 million, Sui attracted $2.9 million, and multi-asset products recorded $4.7 million in net inflows.</p><p class="text-left mb-4 ">Short Bitcoin products also saw $10.2 million in inflows. Chainlink attracted $0.6 million, while Litecoin recorded $0.4 million in weekly inflows. Weekly data for Zcash was not disclosed. The number of assets with meaningful inflows above $1 million fell from 11 in the previous week to 9.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/1-jpp9derewpekyddptuukgg-e55bab7d.webp" alt="1_jPp9dErewPeKYDdPTuuKGg.webp" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Selling Is No Longer Just a U.S. Story</h2><p class="text-left mb-4 ">Last week, Europe’s resilience had drawn attention. This week, the picture reversed. The U.S. accounted for most of the outflows with $1.425 billion, but the selling wave has now taken on a more global character.</p><p class="text-left mb-4 ">Switzerland saw $16.2 million in outflows, Canada recorded $12.5 million, and Hong Kong posted $12.2 million in outflows. Germany remained practically flat. Europe, which had been the exception last week, is now part of the broader pressure.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Provider Breakdown</h2><p class="text-left mb-4 ">iShares was the most affected provider, with $1.191 billion in weekly outflows. Fidelity saw $129 million leave its products, while ARK 21Shares recorded $107 million in outflows. Grayscale’s outflows were relatively limited at $12 million.</p><p class="text-left mb-4 ">Bitwise and 21Shares AG remained slightly positive, each recording $1 million in inflows. Total assets under management were reported at $148.7 billion. The weekly outflow represented roughly 1% of that total.</p><p class="text-left mb-4 ">CoinShares Head of Research James Butterfill noted in the report that Iran-linked geopolitical pressure continues to weigh on the market. Positive developments around the CLARITY Act have not been enough to halt the outflow trend for now.</p><p class="text-left mb-4 ">The two-week cumulative outflow figure of $2.54 billion points to a serious shift in sentiment for 2026. For the market to recover, geopolitical risks may need to ease or a new institutional catalyst may need to emerge. For now, both conditions remain uncertain.</p>

26 May 2026

Ondo Finance Founder Passes Away Unexpectedly at 32

<p class="text-left mb-4 ">Nathan Allman, the founder of Ondo Finance, has died unexpectedly at the age of 32. The company did not disclose the cause of death.</p><p class="text-left mb-4 ">Ondo Finance announced the news in a post on X, saying, “It is with deep sadness that we announce the unexpected passing of Ondo’s founder, Nathan Allman. Our hearts are with his family and loved ones.” The company said Allman’s intelligence, humility and determination shaped Ondo into what it is today. “His belief that technology could create a more open and accessible financial system will live on in everything we build,” it added.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-05-26-105636-79150b2f.webp" alt="Ekran görüntüsü 2026-05-26 105636.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Who was Allman?</h2><p class="text-left mb-4 ">After graduating from Brown University, Allman worked on Goldman Sachs’ digital assets team. In 2021, he founded Ondo Finance and became one of the leading names in the tokenization of real-world assets, or RWA. Under his leadership over the past four years, Ondo accumulated around $3.86 billion in tokenized assets on-chain. Its portfolio includes Treasury securities, equities and commodities, with more than 111,000 asset holders.</p><p class="text-left mb-4 ">Products launched during this period include USDY, a yield-bearing stablecoin; OUSG, a tokenized U.S. Treasury fund; and tokenized equities offered through Ondo Global Markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Leadership change</h2><p class="text-left mb-4 ">Following Allman’s death, Ian De Bode became the company’s new CEO. De Bode joined Ondo as Chief Strategy Officer in March 2024 after leading McKinsey’s digital assets unit, and was promoted to President in November 2025. The company confirmed that De Bode, who had effectively led strategy, product and day-to-day operations for more than two years, has the full confidence of the leadership team.</p><p class="text-left mb-4 ">Ondo closed its announcement with the words: “We will continue building the work Nate started. We believe that is the most meaningful way to honor him.”</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The industry loses a major figure</h2><p class="text-left mb-4 ">Allman was one of the few early believers who focused on RWA tokenization when the field was still considered niche, helping bring it closer to the mainstream. His death at the age of 32 is a significant loss not only for Ondo, but also for the broader tokenized finance ecosystem that has gained momentum in recent years.</p><p class="text-left mb-4 ">Ondo Finance stakeholders and industry figures shared condolence messages on social media, while the market is now watching how the team under De Bode’s leadership will shape the company’s roadmap in the coming period.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Impact on ONDO price</h2><p class="text-left mb-4 ">Following the news, <a href="https://jrkripto.com/tr/coin/ondo" target="_blank" rel="noreferrer" class="text-primary underline">ONDO </a>fell 4.54% in 24 hours to $0.4205. The token traded between $0.4095 and $0.4440 during the day. With a market capitalization of $2.04 billion, ONDO had gained 59.85% over the past 30 days, showing strong performance. However, the uncertainty created by the loss of its founder brought short-term selling pressure.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ondousdt-2026-05-26-10-55-47-4c705ad3.webp" alt="ONDOUSDT_2026-05-26_10-55-47.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p>

26 May 2026

Warsh Era Begins: Crypto Locks Onto 5 Key Macro Data Points This Week

<p class="text-left mb-4 ">For <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">crypto </a>markets, this week will be shaped less by internal industry developments and more by economic data coming out of the United States. Inflation, unemployment, housing and growth figures will be released before markets open. All of them point to the same question: Can the Fed cut interest rates?</p><p class="text-left mb-4 ">For now, there is no cut on the table. The CME FedWatch tool and prediction markets agree that rates will likely remain unchanged at the June meeting. That view does not seem likely to shift unless an unexpected data print arrives.</p><p class="text-left mb-4 ">The most critical release of the week comes on Wednesday. The PCE Price Index, the Fed’s preferred inflation gauge, has a direct impact on markets. The previous reading stood at 3.5%. Core PCE will also be released on the same day. Where these two figures land could have a serious short-term impact on risk appetite. But this week’s macro calendar is not limited to PCE. Five major data releases are coming back to back.</p><p class="text-left mb-4 ">On Monday, the U.S. CB Consumer Confidence Index will be released with a May forecast of 92, compared with 92.8 in the previous month. A slight decline could signal weaker consumer spending appetite.</p><p class="text-left mb-4 ">Wednesday brings the most important part of the calendar. The PCE Price Index and Core PCE will be released; weekly jobless claims will also arrive on the same day. The jobless claims figure, expected at 212,000, directly affects how the Fed assesses the employment side of the economy. April New Home Sales will also be published on Wednesday, with expectations at 670,000. As a highly rate-sensitive sector, the housing market both reacts to Fed decisions and offers guidance for future policy.</p><p class="text-left mb-4 ">The week will close on Friday with the Chicago PMI. The May figure is expected at 49.5 and will measure manufacturing activity. If it stays below 50, the signal of economic slowdown will become stronger.</p><p class="text-left mb-4 ">The most interesting development for crypto, however, is not a monetary policy move, but a change of name. Kevin Warsh officially begins his term as Fed Chair this Monday. It remains unclear how Warsh will steer interest rate policy; any early signals he gives this week will be closely watched.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is happening on the crypto side?</h2><p class="text-left mb-4 ">In terms of token unlocks, the week is especially concentrated around May 26. Huma Finance (HUMA) will unlock around 20% of its circulating supply that day, worth $11.76 million. Plasma (XPL) will also add a $7.39 million unlock on the same day. Grass (GRASS) will go through a similar process on May 29, followed by EigenCloud (EIGEN) on June 1. These unlocks can create short-term selling pressure, although market reactions do not always match expectations.</p><p class="text-left mb-4 ">The DAO side is also busy this week. Uniswap is voting on expanding its protocol fee infrastructure to BNB Chain, Polygon and Celo. At the same time, a proposal to withdraw 12.5 million UNI delegated to the Franchiser system back into the governance treasury is also up for a vote. On Arbitrum, the transfer of 30,765 ETH frozen in connection with the rsETH incident to a wallet controlled by Aave LLC is on the agenda. Compound and Aave are also voting on supply limits and operational multisig structures.</p><p class="text-left mb-4 ">The conference calendar is packed as well. The Nordic Blockchain Conference in Stockholm, Unchained Summit in Da Nang, Vietnam, and the Crypto Valley Conference in Switzerland are all taking place this week.</p>

25 May 2026

ETH

Bitmine Makes Its Largest Weekly ETH Purchaseabout 3 hours ago

BTC

Strategy Bought Bonds, Not Bitcoin, This Weekabout 5 hours ago

BTC, Altcoin

Crypto Funds See $1.47 Billion in Outflows as 9 Altcoins Stay Positiveabout 6 hours ago

Altcoin

Ondo Finance Founder Passes Away Unexpectedly at 32about 10 hours ago

Politics, BTC, Altcoin

Warsh Era Begins: Crypto Locks Onto 5 Key Macro Data Points This Week1 day ago

ETH

Bitmine Makes Its Largest Weekly ETH Purchaseabout 3 hours ago

BTC

Strategy Bought Bonds, Not Bitcoin, This Weekabout 5 hours ago

BTC, Altcoin

Crypto Funds See $1.47 Billion in Outflows as 9 Altcoins Stay Positiveabout 6 hours ago

Altcoin

Ondo Finance Founder Passes Away Unexpectedly at 32about 10 hours ago

Politics, BTC, Altcoin

Warsh Era Begins: Crypto Locks Onto 5 Key Macro Data Points This Week1 day ago

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