The prevailing bearish trend around the Ethereum price is weighing heavily on BitMine’s 4.2 million ETH holdings. The Ether treasury company’s holdings are coming under continuous pressure, sparking widespread speculation. Ethereum Drop Hits Bitmine Hard According to an X post shared by on-chain analytics platform Lookonchain, BitMine, the largest public holder of Ethereum, is facing
The post Bitmine ETH Position Bleeds Billions As Ethereum Struggles to Hold $2k appeared first on CoinGape.
Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.