BitMine Nears 3.5% Of Ethereum Supply With $110 Million Purchase As ETH Slips Under $3,000

On Tuesday, BitMine reported that its Ethereum stash had risen to 4.2 million ETH after buying 35,268 ETH, valued at about $110 million, bringing its combined crypto and cash holdings to $14.5 billion. Following this move, the firm now controls 3.48% of ETH’s 120.7 million supply and has staked 1,838,003 ETH worth $5.9 billion, while the ETH price has fallen below $3,000 and is testing a key support area around the mid-range of $2,600–$3,350.