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Ethereum Price Forecast: BitMine's holdings reach 4.42 million ETH as Fundstrat predicts 87% win-ratio
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped up 51,162 ETH last week, marking its largest purchase since December. The latest purchase has pushed the company's stash of the top altcoin to 4.42 million ETH acquired at an average cost of $3,821 per ETH. With ETH's over 50% decline in the past few months, BitMine is holding unrealized losses of roughly $8.4 billion, according to data cited by smart money tracker Lookonchain. Despite that, BitMine's Chairman Thomas Lee noted in a Monday statement that the firm won't halt its treasury strategy of acquiring ETH. "In the midst of this 'mini ... (full story)
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