Key Notes

BitMine increased its equity program from $5B to $24.5B, representing a five-fold expansion for Ethereum purchases.

Technical analysis shows ETH breaking above $4,500 for the first time since 2021 with bullish momentum indicators.

The firm currently holds over 1 million ETH worth $5B, making it the largest corporate Ethereum holder globally.

Ethereum BTC $120 162 24h volatility: 1.2% Market cap: $2.39 T Vol. 24h: $46.62 B price traded as high as $4,515 on Binance on Tuesday, Aug. 12, rising 6.31% in its largest single-day gain since July 10. The rally comes as BitMine Immersion Technologies announced an expansion of its Ethereum purchase fundraising.

BitMine, led by Fundstrat founder and CIO Thomas “Tom” Lee, has filed to increase its at-the-ma

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