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9h ago

Bitmine Adds 63,539 ETH, Lifting Stake to About 2.7% as Ethereum Tests Support

On-chain data place the corporate holder near 3.3 million ETH, reinforcing an institutional bid as traders focus on the $3,600–$3,800 floor.

Ethereum price outlook improves as u.s. spot eth etf inflows resume
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Overview

  • Lookonchain tracked three new wallets receiving 63,539 ETH worth about $251.6 million from Kraken and BitGo in the latest purchase.
  • Bitcoinist reports Bitmine’s holdings at 3,299,553 ETH, or roughly 2.73% of circulating supply, valued near $13.1 billion.
  • ETH trades around $3,870 under selling pressure, with analysts watching support near $3,800 and $3,600 and resistance around $4,440.
  • Fundstrat’s Tom Lee says a move toward $5,000 is possible if the ETH/BTC pair breaks above 0.087, framing it as a structural shift.
  • The ETH/BTC ratio is currently near 0.0365, well below the cited trigger, as recent analysis also notes rising institutional demand and ETF-driven interest.