Ethereum Price Prediction: BitMine Buys $74M ETH a
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Ethereum Price Prediction: BitMine Buys $74M ETH as Strategy Sells Bitcoin
Ethereum is back in the spotlight as the crypto market rebounds, but this time the main story is not only about price. While Bitcoin reclaimed the $63,000 level after President Trump’s latest pro crypto comments, a deeper institutional shift may be forming between Bitcoin and Ethereum.
BitMine, the Ethereum treasury company chaired by Tom Lee, has continued adding ETH to its balance sheet. Its latest weekly update shows that the company acquired 42,197 ETH, bringing total holdings to 5,742,237 ETH, equal to around 4.8% of Ethereum’s total supply. BitMine also said its total crypto, cash, marketable securities, and “moonshot” holdings reached $11.1 billion.
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