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🔥 ETH Recovery Push – BitMine Expands $11B Crypto Treasury 🔥

Ethereum (ETH) surged back above the $4,000 mark, gaining 4% after BitMine Immersion Technologies (BMNR) revealed it now holds 2.65 million ETH, worth nearly $10.8B — around 2.2% of ETH’s circulating supply.

📊 Key Details:

🟢 Recent Buy: +234,850 ETH added last week

🏦 Treasury Size: 2.65M ETH ($10.8B) + 194 BTC + $436M cash

📈 Total Assets: $11.6B

💵 Fresh Capital: Raised $365M via institutional stock sale

BitMine is now the largest publicly traded Ethereum holder, tripling the stash of its closest rival, SharpLink Gaming (838,700 ETH). The company has also pledged to keep accumulating — targeting 5% of ETH supply long-term.

📉 Technical Outlook:

Support: $3,800 (100-day SMA)

Resistance: $4,100 (falling trendline)

Breakout above $4,100 could open the path to $4,500+

Failure to hold $3,800 risks a drop toward $3,500

💡 Market Takeaway:

Institutional demand remains strong even as ETH wrestles with technical resistance. A decisive break above $4,100 could flip sentiment bullish into Q4.

#ETH #MarketReboundd bound #CryptoETFMonth $ETH