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Ethereum Price Forecast: ETH plunges 8% amid strong accumulation from BitMine and Bitcoin whales
Ethereum treasury firm BitMine Immersion extended its lead as the largest corporate treasury of the top altcoin after acquiring 190,500 ETH last week, per a statement on Monday. As a result, the company claims its total holdings have surpassed $8.8 billion, comprising 1.7 million ETH, 192 BTC and $562 million in cash. "We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years," said BitMine board Chairman and Fundstrat's CIO Thomas Lee. The Nevada-based firm also revealed that its crypto and cash net asset value (NAV) per share has increased by over 70% to $39.84 in the past ... (full story)
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