Ethereum Price Forecast: BitMine adds 40K ETH as Thomas Lee predicts recovery
From fxstreet.com
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) added to its digital asset stash last week, acquiring 40,613 ETH. As a result, the company has pushed its holdings to 4.32 million ETH, worth about $8.9 billion at the time of publication. From that figure, the Nevada-based firm has staked 2.89 million ETH, about 67% of its entire stash. BitMine's latest acquisition follows a sustained decline in ETH's price after a wider crypto market slump over the past few weeks. The top altcoin has lost 62% of its value since reaching a new all-time high last August, even as daily active addresses and transactions ...
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