BitMine Don Surges as Ethereum Holdings Reach 60% of Goal
BitMine don Ethereum holdings don rise reach 3.6 million ETH, wey be about 3% of the total supply and 60% of dia 5% accumulation target. Di firm add 110,288 ETH (~$400 million) wen price drop small recently, wey make weekly accumulation rise by 34%. FY25 net income hit $328 million, and BitMine plan to start Ethereum staking through dia MAVAN system for Q1 2026. Di stock jump almost 20%, extend dia 330% year-to-date gain and pass peer dem like MicroStrategy (MSTR) and Marathon Digital (MARA). CEO Tom Lee talk say downside support dey for $2,500 and possibility for upside inside one Ethereum supercycle, supported by high liquidity and institutional demand.
Bullish
Di way BitMine dey keep dey buy Ethereum wen price dey fall, plus di strong profit wey be $328 million FY25 and plans for ETH staking, dey show say demand from big institution strong. Di stock dey rally and high liquidity dey support market confidence well well. For short term, as people dey still dey buy, price go remain steady around support levels. For long term, di Ethereum supercycle story and staking rollout fit make demand for ETH rise, e go make outlook better.