CasAbbe
BitMine announced that it bought 66,000 $ETH last week.
It now holds over 3.6M ETH or 3% of the circulating supply.
But there's one thing most people missed.
Everyone is thinking that BitMine has no buying power left.
But, they still have $800M in cash.
This could definitely be used to buy $ETH in coming weeks.
Along with that, BlackRock staking approval will happen this year and it'll bring some buying volume.
I'm not calling for an ATH here, but ETH could pull a 25%-30% move from here until Q4 end.
It now holds over 3.6M ETH or 3% of the circulating supply.
But there's one thing most people missed.
Everyone is thinking that BitMine has no buying power left.
But, they still have $800M in cash.
This could definitely be used to buy $ETH in coming weeks.
Along with that, BlackRock staking approval will happen this year and it'll bring some buying volume.
I'm not calling for an ATH here, but ETH could pull a 25%-30% move from here until Q4 end.
ETH5.38%














