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Ethereum Price Forecast: BitMine treasury crosses 4 million ETH, but Fundstrat suggests caution
Ethereum (ETH) treasury company BitMine Immersion (BMNR) has grown its digital asset stash above the 4 million ETH threshold, according to a Monday statement. The Nevada-based firm acquired 98,852 ETH since its last update, pushing its holdings to 4.06 million ETH, about 3.37% of the top altcoin's circulating supply. "This is a tremendous milestone achieved after just 5.5 months," said BitMine chairman Thomas Lee. "We are making rapid progress towards the 'alchemy of 5%' and we are already seeing the synergies borne from our substantial ETH holdings," Lee added. Since transitioning to an Ethereum treasury strategy in ... (full story)
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