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Ethereum Price Forecast: BitMine extends ETH buying streak, says long-term outlook remains positive
Ethereum (ETH) treasury firm BitMine Immersion continued its weekly purchase of the top altcoin last week after acquiring 45,759 ETH. The purchase lifted the company's holdings to 4.37 million ETH, valued at $8.67 billion at the time of publication, or 3.62% of ETH's circulating supply. BitMine plans to acquire 5% of the entire ETH circulation. From that figure, the Nevada-based firm has also staked 3.04 million ETH across three staking providers. BitMine reiterated plans to launch a 'Made in America' Validator Network solution and estimates it will capture a staking yield of $252 million annually once it has fully ... (full story)
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