ETH Price at $2,300 Test as BitMine Nears 5% of Ethereum Supply

NYSE-listed BitMine Immersion Technologies has expanded its Ethereum holdings with another 5,000 ETH purchase worth approximately $11.22 million. The latest acquisition brings the company's holdings to roughly 6.065 million ETH, representing nearly 5% of the cryptocurrency's total supply. Meanwhile, Ether traded near $2,290 on November 3, as market participants watched the $2,300 level for signs of a sustained recovery. BitMine’s ETH Treasury Nears Its 5% Goal Lookonchain reported on X today that BitMine Immersion Technologies, led by Fundstrat’s Tom Lee, bought 5,000 ETH.