BitMine Don Boost Ethereum Holdings to 3.31M ETH Wit $434M Buys
Mining company BitMine don dey continue to dey aggressively accumulate Ethereum, dem add 27,316 ETH (≈$113 million) on top of the previous 77,055 ETH ($321 million) buy. Their total Ethereum holding now reach about 3.31 million ETH (≈$13.3 billion), na part of their $14.2 billion crypto treasury wey include 192 BTC, $88 million stake for Eightco Holdings and $305 million cash. Chairman Tom Lee talk say the buying strategy na because better macro conditions—calm US–China trade talks and strong stock markets—and positive technical indicators. BitMine dey control about 2.8% of Ethereum circulating supply and dem want yarn reach 5% stake. Ethereum don bounce back pass the important $4,000 support level after e drop near $3,931. Traders dey look the $4,250–$4,300 resistance level as demand from institutions dey grow and on-chain momentum still strong.
Bullish
BitMine steady Ethereum buying plus im target to hold 5% supply dey show say institutions sabi Ethereum well well, e dey make ETH supply tight and e dey support price to rise. The price wey don rise pass $4,000 and good technical signs dey push short term momentum, while better macro conditions and strong on-chain metrics dey support long term bullish outlook for Ethereum.