coin-img-ETHETH-0.48%coin-img-BTCBTC-1.30%coin-img-SOLSOL-2.09%coin-img-UCNUCN+0.73%coin-img-XRPXRP-0.83%coin-img-ASTERASTER+2.09%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-1.61%coin-img-ETHETH-0.48%coin-img-BTCBTC-1.30%coin-img-SOLSOL-2.09%coin-img-UCNUCN+0.73%coin-img-XRPXRP-0.83%coin-img-ASTERASTER+2.09%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-1.61%coin-img-ETHETH-0.48%coin-img-BTCBTC-1.30%coin-img-SOLSOL-2.09%coin-img-UCNUCN+0.73%coin-img-XRPXRP-0.83%coin-img-ASTERASTER+2.09%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-1.61%coin-img-ETHETH-0.48%coin-img-BTCBTC-1.30%coin-img-SOLSOL-2.09%coin-img-UCNUCN+0.73%coin-img-XRPXRP-0.83%coin-img-ASTERASTER+2.09%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-1.61%
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Jacob Gibson

Bitmine Expands ETH Holdings to 3.5 Million Tokens as Exchange Supply Hits Record Low

Bitmine Immersion Tech acquired 110,288 ETH for approximately $384 million, raising its total holdings to 3.5 million tokens valued at $12.21 billion. Ethereum's supply on centralized exchanges fell below 10% for the first time, dropping beneath Bitcoin's 11% exchange balance. The ETH/BTC pair continues to face rejection at long-term resistance extending from 2021, while weekly momentum indicators have turned bearish.
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