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via The Block · By The Block Editorial

Bitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum's total supply

ETH

ETH/USDT

$1,800.01

+0.44%

$1,800.01

+0.44%

(24s)

24h Volume

$10,739,721,832.34

24h H/L

$1,833.40 / $1,757.57

Change: $75.83 (4.31%)

Long/Short

63.8%

Long: 63.8%Short: 36.2%

Funding Rate

+0.0037%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,810.18

▲ 0.59%

Volume (24h): -

Resistance Levels

Resistance 3$2,098.48

Resistance 2$2,026.20

Resistance 1$1,849.94

Price$1,810.18

Support 1$1,796.84

Support 2$1,708.95

Support 3$1,615.03

Pivot (PP):$1,793.64

Trend:Sideways

RSI (14):59.7

The Block Editorial

(02:29 PM UTC)

1 min read

Verified bySarah Chen

1028 views

0 comments

Ethereum treasury firm Bitmine has acquired an additional 26,497 ETH, worth about $52 million at today’s prices. This boosts its total ether holdings to 5,416,901 ETH, according to an announcement on Monday.

Bitmine Chairman Tom Lee predicted the firm is "expected to reach" its goal of holding 5% of the total (ETH) supply "sometime in 2026." It currently holds 4.49% of the total, with Ethereum’s…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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