BitMine Immersion Technologies (BMNR) purchased an additional 10,399 ETH, bringing its total holdings to 5.797 million ETH, representing 4.8% of Ethereum’s circulating supply. The company now has 4.917 million ETH staked, generating an estimated $247 million in annualized revenues at a 7-day yield of 2.67%. ETH is trading at $1,852.60, above key support between $1,747 and $1,805, but below the psychological $2,000 resistance level. The medium-term price target according to CoinCodex is $2,722, representing a 52% move from current levels.
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