Bitmine: Buys 27,801 ETH for $49.12M

Bitmine purchased another 27,801 ETH for $49.12 million last week, extending its corporate Ethereum accumulation streak while Strategy executed zero BTC trades.

Tom Lee’s firm now controls 5.77 million ETH tokens alongside $11.3 billion in combined crypto and cash, widening the gap versus MicroStrategy Bitcoin treasury strategy in the ongoing corporate digital-asset race.

Price action on the 4h chart shows ETH testing lower Bollinger Band support at $1771.13 with the EMA50 at $1770.98 acting as immediate resistance; the MACD death cross and neutral RSI at 44.51 confirm bearish momentum that favors a retest of the EMA200 at $1751.84 before any sustained rebound.