Bitmine Moves Push Ethereum Treasury Above 3% — Notable Accumulation Signal
I note that Bitmine increased its Ethereum holdings this morning, pushing the treasury’s stake above 3% of circulating supply.
I view this as a meaningful accumulation signal: concentrated buying by a treasury company can support price discovery and reduce available float in the near term.
I remain cautious about concentration and potential future profit-taking, so I’m watching how this affects liquidity and price action over the coming sessions.
Analysis
Recommendation
I recommend monitoring price and on-chain flows closely and consider buying on weakness rather than chasing strength; treat positions sizeably but with awareness of concentration risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.