Bitmine adds 127,000 ether, bringing treasury to 5.54 million ETH as Tom Lee calls crypto selloff 'superficial'

ETH

ETH/USDT

$2,709.89

+2.59%

$2,709.89

+2.59%

(24s)

24h Volume

$12,117,412,032.83

24h H/L

$2,718.00 / $2,639.37

Change: $78.63 (2.98%)

Long/Short

59.5%

Long: 59.5%Short: 40.5%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,712.37

▲ 0.90%

Volume (24h): -

Resistance Levels

Resistance 3$3,305.55

Resistance 2$3,143.74

Resistance 1$2,781.69

Price$2,712.37

Support 1$2,662.20

Support 2$2,559.63

Support 3$2,335.60

Pivot (PP):$2,664.73

Trend:Uptrend

RSI (14):64.8

The Block Editorial

(01:52 PM UTC)

1 min read

Verified byMichael Roberts

0 comments

Bitmine Immersion Technologies (BMNR) added 126,971 ether last week for roughly $207 million, pushing its total treasury to 5,543,872 ETH as the company accelerated purchases into a market selloff that pushed the cryptocurrency down roughly 30% from April highs.

The Monday announcement pegged holdings at 4.59% of ether's circulating supply of 120.7 million tokens, placing Bitmine 92% of the way…