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Latest Update
7/6/2026 3:12:00 PM

BitMine: Adds $73 Million Ethereum as Strategy Dumps BTC

BitMine: Adds $73 Million Ethereum as Strategy Dumps BTC

BitMine adds $73 million in Ethereum while Strategy sells Bitcoin, ETH at $1788.88 inside Bollinger Bands with EMA50 support at $1706.

Source

Analysis

BitMine controlled by Tom Lee purchased $73 million in Ethereum while Strategy liquidated Bitcoin holdings.

ETH trades at $1788.88 inside the Bollinger Bands, pressing the upper resistance at $1801.59. The EMA50 at $1706.32 and EMA200 at $1747.41 function as stacked support beneath price, while the MACD death cross at 28.19 warns of fading momentum despite RSI(14) holding neutral at 64.8. A measured pullback toward the 50-EMA appears likely before any sustained push higher.


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