Category: Business

Businesseconomyfinance

Crypto Treasuries Halt Bitcoin Buys After Market Drop

The post Crypto Treasuries Halt Bitcocom. Crypto treasury companies are taking a step back after the recent market downturn earlier this month. These firms, which hold large amounts of Bitcoin and Ethereum on their balance sheets have nearly stopped buying since prices tumbled on October 10. The slowdown shows an ongoing sense of caution across the sector. Coinbase’s Head of Institutional Research, David Duong, noted that Bitcoin buying activity among treasury companies dropped to the lowest level this year and has yet to rebound. Bitcoin Buying Halts as Confidence Weakens The pause in Bitcoin purchases by crypto treasury companies is a clear sign that large firms are uncertain about market direction. These organisations typically act as strong buyers when prices dip and help to stabilise volatility. Their silence now indicates that they have limited faith in any near-term recovery. Duong described these companies as “heavy hitters with deep pockets.” He explained that their lack of activity shows caution, even at current support levels. Because of this, many of these companies have chosen to guard their cash reserves. There is one exception, though, and this is BitMine Immersion Technologies. The Ethereum-focused company has continued its aggressive buying spree. Since October 10, BitMine has reportedly spent over $1. 9 billion to acquire nearly 483, 000 ETH. Ethereum followed Bitcoin’s drop earlier in October, falling more than 15% to around $3,686 before climbing back to $4,130. Without BitMine’s steady buying, Ethereum demand among treasury companies would have turned negative. Market Fragility Amid Fading Institutional Support Duong warned that if BitMine slows its activity, overall corporate buying could collapse. He noted that the market looks fragile when the biggest discretionary balance sheets are inactive. The absence of.

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BusinesseconomyfinanceTechnology

BitMine Adds $321M in Ethereum, Potentially Signaling Market Stabilization

The post BitMine Adds $321M in Ethereum, Potentially Signaling Market Stabilization appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → BitMine Immersion Technologies recently added $321 million worth of Ethereum to its treasury, holding over 3. 3 million ETH valued at $13. 8 billion. This move signals growing institutional confidence amid market recovery, positioning BitMine as a leading corporate Ethereum holder. BitMine’s Ethereum holdings now exceed 3. 3 million ETH, making it the largest corporate treasury for the asset. The company added 77, 055 ETH in the past week, reflecting stabilizing conditions post-sell-off. Ethereum’s price rebounded to $4,209, up 3. 44%, with total corporate ETH treasuries at $18. 22 billion. Discover how BitMine’s $321 million Ethereum purchase boosts institutional adoption. Explore ETH’s surge and market impacts in this in-depth analysis. Stay informed on crypto trends today. What is BitMine’s Latest Ethereum Acquisition? BitMine Immersion Technologies has bolstered its cryptocurrency reserves by acquiring $321 million worth of Ethereum (ETH) over the past week. This strategic addition of 77, 055 ETH brings the company’s total holdings to 3. 313 million ETH, valued at approximately $13. 8 billion, according to on-chain data. The move underscores BitMine’s commitment to Ethereum amid recovering market dynamics, enhancing its position as the premier institutional holder.

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Businesseconomyfinance

The AI Race Is An Energy Race, And Regions With Nat Gas Are Winning

The post The AI Race Is An Energy Race, And Regions With Nat Gas Are Winning appeared com. Countries and companies in the AI race are increasingly realizing they are in an energy race. On some days, it seems as if AI is driving energy, with AI data centers representing the most significant new power demand growth in decades. On other days, it seems as if energy is driving AI, with the largest technology companies scrambling to secure power and even vertically integrating to avoid external energy constraints. Whether AI or energy was in the driver’s seat was one of the questions at the SAIT AI Summit this past week, in Calgary, Alberta, the energy hub of Canada, as executives from major energy companies spoke about using AI tools while also working to supply the energy this technology requires. “Energy companies are in the unique position of deploying artificial intelligence internally to enhance operations, while also providing energy to data centers powering this transformational shift in technology. Across our events and programs, we are seeing more integration and implementation of artificial intelligence at the executive level within the energy sector,” said Lora Bucsis at SAIT, Director, Product and Learner Success. The increasing overlap between tech and energy is a welcome change for the energy sector, with the largest companies in the world, from Alphabet to Meta, now deploying all their cash, and then some, into the physical economy. Commodities have not benefited from a true capex boom in decades, but this is now changing. Goldman estimates that capex spending amongst the S&P 500 will accelerate by 17% this coming year, driven primarily by data centers and associated power needs. Returns on AI have so far not kept up with the level of investment, but unique dynamics may sustain capital spending regardless of immediate returns. Governments view AI advantages as existential, so there is nothing stopping governments from printing.

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