Ethereum is trading at $1,880, down 3.3% on the day. Crypto treasury firm BitMine Immersion Technologies has reached 5.79 million ETH, moving closer to its goal of owning 5% of the circulating supply. Its combined crypto holdings, cash, marketable securities, and strategic investments total $11.8 billion. Chairman Tom Lee pointed to the ETH/BTC ratio reaching a three-month high, with $2,000 and $2,500 identified as the next key levels. Approximately 4.92 million ETH is staked through BitMine’s MAVAN platform, with projected annualized staking rewards of $299 million.
Source: Read the original article
