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

ETH

ETH/USDT

$1,881.69

-0.14%

$1,881.69

-0.14%

(24s)

24h Volume

$1,788,902,372.92

24h H/L

$1,886.58 / $1,876.01

Change: $10.57 (0.56%)

Long/Short

66.5%

Long: 66.5%Short: 33.5%

Funding Rate

+0.0042%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,882.95

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$1,943.38

Resistance 2$1,910.65

Resistance 1$1,886.84

Price$1,882.95

Support 1$1,878.64

Support 2$1,838.57

Support 3$1,792.11

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):51.1

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…