Techub News, citing CoinPedia, reported that Bitmine is making another aggressive bet on Ethereum. On-chain activity indicates the company is closing in on its stated goal of holding 5% of ETH’s total supply. The accumulation comes during a strong move in the market, with Ethereum rising more than 30% over the past week. Analysts cited in the report said Ethereum’s fundamentals have been strengthening and that the market may be shifting. The report did not disclose additional details on the size or timing of Bitmine’s latest purchases beyond the on-chain indication that its holdings are nearing the 5% threshold.
Bitmine is making another aggressive bet on Ethereum, according to Techub News, which cited CoinPedia. On-chain activity shows the company is nearing its goal of holding 5% of ETH’s total supply.
The added accumulation comes as Ethereum has climbed more than 30% over the past week. Analysts said Ethereum’s fundamentals are strengthening and that the market may be shifting.
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