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A bit of positive news for $ETH
SharpLink has returned to buying ETH after an 8-month pause.
At the same time, BitMine shares are set to join the Russell 1000 index, which could potentially increase demand for the company’s stock.
And if you remember, we already wrote that BitMine is building an ETH accumulation strategy similar to MSTR’s Bitcoin model.
The logic is simple: the higher BitMine shares go, the more capital the company can raise - and the more ETH it can potentially buy.
So while ETH is still under pressure, the corporate accumulation narrative is not dead.