Ethereum Price Prediction: BitMine Buys $74M ETH as Strategy Sells Bitcoin

Ethereum is back in the spotlight as the crypto market rebounds, but this time the main story is not only about price. While Bitcoin reclaimed the $63,000 level after President Trump’s latest pro crypto comments, a deeper institutional shift may be forming between Bitcoin and Ethereum.

BitMine, the Ethereum treasury company chaired by Tom Lee, has continued adding ETH to its balance sheet. Its latest weekly update shows that the company acquired 42,197 ETH, bringing total holdings to 5,742,237 ETH, equal to around 4.8% of Ethereum’s total supply. BitMine also said its total crypto, cash, marketable securities, and “moonshot” holdings reached $11.1 billion.

At the same time, Michael Saylor’s Strategy sold 3,588 Bitcoin for around $216 million to fund dividends on its preferred stock. Strategy still holds a massive 843,775 BTC, but the sale matters because it challenges the long running market belief that Saylor’s company only buys and never sells.

That contrast is now shaping the latest Ethereum price prediction: is institutional capital slowly rotating from Bitcoin into ETH?

BitMine Keeps Buying Ethereum

BitMine has become the biggest Ethereum treasury story in the market. The company’s strategy is clear: accumulate ETH, stake a large portion of it, and move closer to its long term goal of owning 5% of Ethereum’s total supply.

According to BitMine’s latest update, the company now owns 5.74 million ETH, with 4.87 million ETH staked. This means BitMine is not only holding Ethereum as a treasury asset, but also using it to generate staking rewards. The company said its staked ETH could generate hundreds of millions of dollars in annualized staking revenue depending on yields and full deployment.

This is important because it gives Ethereum a different institutional narrative from Bitcoin. Bitcoin is mainly seen as digital gold, a reserve asset, and a macro hedge. Ethereum, on the other hand, can be held, staked, and used as infrastructure for stablecoins, DeFi, tokenization, and smart contract activity.

That is why BitMine’s buying matters for ETH price predictions. The story is no longer just “Ethereum follows Bitcoin.” The market now has a direct Ethereum treasury buyer with a clear accumulation target.

Strategy Sells Bitcoin: Why It Matters

Strategy’s Bitcoin sale does not mean Michael Saylor has turned bearish on BTC. The company still owns more Bitcoin than any other public company and remains the largest corporate BTC holder in the world.

However, the sale changes the psychology of the market.

For years, Strategy was viewed as the ultimate Bitcoin accumulator. Every purchase supported the idea that institutional demand would keep absorbing supply. But the latest sale shows that even the largest BTC treasury company may need to sell coins when corporate obligations, dividends, or balance sheet pressure require liquidity.

The Wall Street Journal reported that Strategy sold 3,588 BTC to fund dividends on preferred stock, raising around $216 million. The company still holds 843,775 BTC, but the sale came after it unveiled a broader plan to strengthen investor confidence.

This does not destroy the Bitcoin thesis, but it does introduce a new question: if BTC stays under pressure, could Strategy sell more?

That uncertainty is exactly why Ethereum’s treasury story looks more attractive today. While Strategy is selling some Bitcoin to manage obligations, BitMine is still adding Ethereum.

Ethereum Price Prediction: Can ETH Break Higher?

Ethereum is trading near the $1,790 area in the latest market snapshot, up around 1% on the day. The key level to watch now is the $1,800 to $1,850 resistance zone.

If ETH breaks above this area with volume, the next upside targets are:

$1,900 as the first breakout confirmation level.
$2,000 as the psychological target.
$2,150 to $2,200 if the market starts pricing in stronger institutional ETH demand.

The bullish case depends on three factors. First, Bitcoin needs to hold above the $63,000 area and avoid another sharp rejection. Second, ETH needs to reclaim $1,850 and turn it into support. Third, BitMine’s accumulation story needs to remain strong enough to convince traders that Ethereum has its own catalyst.

If these conditions align, Ethereum could outperform Bitcoin in the short term.

However, the bearish scenario is still possible. If ETH fails to hold above $1,750, the price could retest the $1,700 area. A deeper correction could bring Ethereum back toward $1,620 to $1,600, especially if Bitcoin loses momentum or if investors treat Strategy’s BTC sale as a warning sign for crypto treasury stocks.

Is This the Start of a BTC to ETH Rotation?

The strongest part of this story is the contrast.

Bitcoin is rebounding after political support from President Trump and a broader market recovery. But Bitcoin is also dealing with a major treasury headline: Strategy sold BTC.

Ethereum is also recovering, but it has a cleaner institutional accumulation story. BitMine is buying ETH, staking ETH, and openly moving toward a 5% supply target. That gives Ethereum a fresh narrative at a time when traders are looking for the next crypto leader.

This does not mean Bitcoin is weak. BTC remains the largest crypto asset, the main institutional gateway, and the market’s liquidity anchor. But Ethereum may now have the more interesting short term setup because its story is shifting from underperformance to accumulation.

If Bitcoin stability combines with continued ETH buying, Ethereum could become the stronger rebound trade.

Final Thoughts

The latest Ethereum price prediction is becoming more bullish, not only because ETH is recovering, but because the market narrative is changing.

BitMine is buying and staking Ethereum while Strategy is selling part of its Bitcoin holdings to meet corporate obligations. That contrast creates a powerful headline: Bitcoin may still be the king, but Ethereum is becoming the new institutional treasury battleground.

As long as ETH holds above $1,700 and pushes toward $1,850, the next move could target $1,900 and then $2,000. But if the market loses confidence and Bitcoin falls back below key support, Ethereum could still retest lower levels before any bigger breakout.

For now, Ethereum has something it has lacked for months: a fresh institutional catalyst that could help ETH outperform if the crypto rebound continues.