BitMine: $300M Stock Sale to Expand ETH Treasury

BitMine plans a $300M preferred stock sale to accelerate its ETH treasury push, according to Decrypt.

The filing arrives while ETH price prediction models factor in persistent selling pressure and crypto market crash fears that have shaped institutional ETH accumulation flows over the past year.

On the 4h chart ETH holds at $1748.15 inside the Bollinger Bands with price pressing the lower support at $1728.79; the oversold RSI(14) at 21.64 flashes exhaustion against the EMA50 resistance at $1956.15 and the MACD death cross at -60.64, suggesting any relief rally would likely stall before challenging the upper band at $2068.24.