Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury company, bought 27,084 ether (ETH) last week, extending its accumulation streak despite another slide in crypto prices.The purchase, worth roughly $43 million based on ETH’s current price of around $1,580, lifted Bitmine’s holdings to 5.7 million ETH, according to a Monday company update. The stash is worth about $8.9 billion and represents roughly 4.7% of Ethereum’s circulating supply, nearing the firm’s 5% goal.The company also held 206 bitcoin, $555 million in cash and marketable securities and stakes in Beast Industries and Eightco Holdings, bringing total crypto, cash and investment holdings to $9.8…

Key takeaways:An extreme Bitcoin put-call options imbalance and a 19% delta skew reveal heavy hedging against downside price swings.Strategy’s cash hoard eases short-term debt fears but does not hold back a broader capital rotation into tech stocks.Bitcoin has failed to reclaim the $61,000 mark since Thursday, despite optimism fueled by lower crude oil prices following the US and Iran’s 60-day ceasefire agreement. Demand for downside Bitcoin price protection jumped to unusually high levels, prompting traders to question whether $55,000 is the next target.Deribit Bitcoin options premium put-to-call ratio. Source: LaevitasThe premium paid on Bitcoin put (sell) options on Deribit totaled…

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