BitMine Stock Forms Golden Cross as Ethereum Buying Spree Nears the Finish Line - Grayscale Ethereum Stak

BitMine Immersion (NYSE: BMNR) is showing bullish technical signs as it completes an Ethereum buying push. The stock ended last week at $25, up 96% from its lowest level this year, after moving sideways since Aug. 24. The company is nearing a milestone in its Ethereum accumulation: it now owns 5,929,198 coins, or 4.85% of total supply, and says it targets 5%—about 6 million tokens. It has roughly 70,802 coins left to buy, valued at $177 million. Because it already reported more than $593 million in cash and marketable securities, the article says it may not need to raise capital via share sales.