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

ETH

ETH/USDT

$2,458.54

-2.81%

$2,458.54

-2.81%

(24s)

24h Volume

$10,800,289,526.24

24h H/L

$2,546.66 / $2,431.61

Change: $115.05 (4.73%)

Long/Short

60.1%

Long: 60.1%Short: 39.9%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,455.08

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,593.80

Resistance 1$2,516.30

Price$2,455.08

Support 1$2,445.59

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):62.6

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…