Tuesday, July 7, 2026

Bitmine buys ETH as Ether approaches $2K amid Robinhood L2 boost

  • Bitmine has significantly increased its Ethereum holdings, now owning 5.74 million ETH (approximately 4.8% of supply), with a stated goal of 5% ownership, and is staking most of it.
  • Robinhood has launched Robinhood Chain, an Ethereum Layer 2 solution built on Arbitrum, which uses ETH for gas fees, creating incremental demand for ETH.
  • The article highlights increased institutional interest in ETH, driven by corporate treasury strategies and new infrastructure like Robinhood Chain, while also noting potential centralization concerns and regulatory uncertainties for tokenized assets.

Topics: Asset types, Blockchain usage, Institutional adoption, Alternative assets, Layer 2 scaling, Asset manager initiatives

Tags: #ethereum #eth #bitmine #robinhoodchain #layer2 #arbitrum #rwa #tokenization #corporatetreasury #gasfees

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