$ETH is starting to separate from $BTC again.
And corporate balance sheets are reinforcing the move.
Bitmine added nearly 10,000 ETH last week, taking its treasury to 5.79M ETH: roughly 4.8% of supply.
About 85% is already staked, with projected annualized rewards near $299M once deployment is complete.
At the same time, ETH gained ~2.4% over the week while BTC slipped ~0.7%, pushing ETH/BTC to a three-month high.
What I find more interesting is the divergence in corporate strategy: Bitmine is still accumulating aggressively, while Strategy has paused BTC purchases and raised its dollar reserve to $3.75B.
If this gap in treasury behavior persists, does ETH start attracting a different class of corporate allocator than Bitcoin?
And corporate balance sheets are reinforcing the move.
Bitmine added nearly 10,000 ETH last week, taking its treasury to 5.79M ETH: roughly 4.8% of supply.
About 85% is already staked, with projected annualized rewards near $299M once deployment is complete.
At the same time, ETH gained ~2.4% over the week while BTC slipped ~0.7%, pushing ETH/BTC to a three-month high.
What I find more interesting is the divergence in corporate strategy: Bitmine is still accumulating aggressively, while Strategy has paused BTC purchases and raised its dollar reserve to $3.75B.
If this gap in treasury behavior persists, does ETH start attracting a different class of corporate allocator than Bitcoin?
