
BitMine’s $126M Ethereum buy sets up a Russell index test tied to $12.2T in assets
The firm’s 60,000 ETH purchase adds to a balance sheet strategy that could soon sit inside major equity benchmarks.
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Ethereum's lead is being chipped away by chains winning specific markets, such as BSC in DEX flow, Tron in stablecoins, Bitcoin in collateral, Base in L2 activity, and Hyperliquid in perps.

BitMine has staked more than 4 million ETH, giving investors a listed-equity proxy for Ethereum’s proof-of-stake economy.

The dispute could decide whether DeFi recovery funds go back to users first or become targets for outside creditors.

Buy pressure is improving, yet leverage is rising faster than spot demand, setting up a painful unwind if ETH stalls.

The sale shows staking never replaced treasury offloads and keeps sell-pressure questions alive.

Schwab’s direct BTC and ETH rollout turns a niche offering into a broader brokerage test for crypto demand.



