Bitmine acquired approximately 67,111 ETH worth around $145 million.
Bhutan has moved 519.7 BTC worth approximately $36.75 million to external wallets.
Bitcoin Spot ETFs saw $66.67 million in net outflows.
The cryptocurrency market is witnessing a mix of institutional confidence and uncertainty. Robinhood’s buyback valued at $1.5 billion, large-scale accumulation of Ethereum and sovereign transfers of Bitcoin are some of the key developments shaping sentiment. Altcoins like SHIB are also showing early signs of recovery.
Robinhood Markets approved a $1.5 billion share buyback program. This move adds over $1.1 billion in fresh capacity. It also enables the company’s attempts to stabilize investor sentiment as the market continues to be volatile.
The plan will be executed over a three-year period and will start in Q1 2026 and have no fixed expiration timeline. The buyback comes after a sharp correction in the company’s stock, which is down approximately 39% year-to-date and trading near $69. This low comes after a peak registered in October 2025.
Despite the decline, Robinhood has actively returned capital in recent years, repurchasing over 25 million shares at an average price of $45 as of March 2025.
According to Lookonchain, Bitmine acquired approximately 67,111 ETH that is worth around $145 million. This further strengthens its position as one of the largest Ethereum holders.
With this latest acquisition, Bitmine’s total holdings have reached approximately 4.66 million ETH. The value is at nearly $10 billion, representing about 3.86% of the circulating supply. The accumulation trend has accelerated in recent weeks, with over 65,000 ETH added since mid-March.
Ethereum has been trading near $2,154, around 55% below the peak registered in 2025. Institutional players appear to be positioning for long-term recovery.
Also Read: Ethereum News Today: ETH Price Map Points to $20K After Key $4,700 Breakout Level
On-chain data indicates that the Royal Government of Bhutan has moved 519.7 BTC worth approximately $36.75 million to external wallets. This is just another one in a series of recent transfers. The last transactions happened earlier this month at around $72 million and $12 million.
Bhutan currently holds around 4,453 BTC, valued at roughly $315 million. The whole value is managed through its sovereign investment arm. Historically, Bhutan accumulated Bitcoin through hydro-powered mining operations. It even held over 13,000 BTC, a peak that was recorded in 2024.
Shiba Inu (SHIB) is showing early signs of a structural shift after breaking above a key descending trendline resistance that had capped price action for nearly two months.
Current price action suggests a possible retest near $0.000055, a zone associated with liquidity clusters. If this level holds, it could pave the way for a rally toward $0.000065, which remains the next key resistance.
On-chain data supports the bullish outlook, with approximately 800 billion SHIB (around $4.8 million) flowing into exchanges over the past 48 hours. However, momentum indicators indicate short-term caution, suggesting a potential pullback before continuation.
Wintermute has launched over-the-counter (OTC) trading for WTI crude oil CFDs. This move allows traders to speculate on oil prices around the clock.
CFDs provide customizable contracts with flexible execution and margin options, including both fiat and crypto collateral. This is unlike the perpetual futures offered by decentralized platforms. Trades can be executed via API, chat, or electronic OTC platforms.
The launch comes amid rising volatility in the Middle East, which has increased the demand for access to continuous trading that goes beyond market hours. Wintermute is positioning itself as a direct counterparty, leveraging its liquidity and risk management systems to meet this demand.
Bitcoin spot ETFs recorded net outflows of $66.67 million after a recovery, according to SoSoValue. Fidelity’s FBTC registered the highest outflows with $45.35 million. Bitwise’s BITB recorded $16.60 million in net outflows, and BlackRock’s IBIT saw outflows of $4.72 million.
Total Bitcoin ETF assets now stand at $89.78 billion, representing 6.40% of Bitcoin's market total capitalization value. Cumulative inflows stand at $56.33 billion, highlighting sustained institutional interest despite market volatility.
Also Read: Crypto Prices Today: Bitcoin at $70,610, HYPE Up 6% as US-Iran Peace Talks Weigh on Oil
1. Why did Robinhood announce a buyback now?
The buyback signals management confidence and aims to support the stock during a period of sharp decline.
2. What does Bitmine’s ETH purchase indicate?
It reflects a strong institutional belief in Ethereum’s long-term value despite current price weakness.
3. Is Bhutan selling its Bitcoin holdings?
While not confirmed, repeated transfers to external wallets suggest potential selling activity.
4. Can SHIB sustain its breakout?
A successful retest of key support levels is needed before confirming a sustained uptrend.
5. Are Bitcoin ETF outflows a bearish signal?
They indicate short-term caution, but cumulative inflows still reflect strong long-term institutional demand.
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