Etharium price today: $ 4,140
- Etharium Treasury Company Bitmine bought 264,378 Aths last week, priced at $ 1.1 billion last week.
- The company entered the purchase agreement of $ 365 million and issued a $ 913 million stock warrant.
- ETH has fallen below its 50-day SMA for the first time in two months and is eyeing a bounce from $ 4,000.
The Etharium (Ath) on Monday saw a 7% decline between Bitmine, which made its holding 2.4 million ETHs compared to the previous week.
Bitmine scoops 264k eth, $ 1.28 billion stock cell plans
Etharium Treasury Firm Bitmine immersion (BMNR) said that its ether holdings have reached 2.4 million ETHs, which cost more than $ 10.13 billion, according to A. statement On Monday.
That is, it added 264,378 ETHs at $ 1.1 billion since its last announcement on 15 September.
The total stake of the Nevada-based firm is $ 11.4 billion, including $ 175 million in 192 bitcoin (BTC), WorldCoin Treasury Company Atco Holdings and $ 345 million in cashless cash.
Bitmine too revealed On Monday that he entered an anonymous institutional investor with an anonymous institutional investor to sell 5,217,715 shares of his common stock at $ 70 per share, expecting a gross income of $ 365.2 million.
“Bitmine has raised $ 365.24 million by selling our stocks at around 14% premium on Friday. By selling shares at $ 70 per share compared to our $ 61.29, it is physically enhancement for existing shareholders as the primary use of income is to add to our ath holdings,” said the chairman of Bitmine.
The deal also included a warrant to purchase 10,435,430 shares at a direct offering of a direct offer at a strike price of $ 87.50. With $ 913 million cash, if the warrant is completed before 22 March or at the end of March 22, Bitmine may receive a total income of $ 1.28 billion when combined with the expected income from its normal offering.
After the announcement, the shares of Bitmine fell nearly 10%, traded around $ 55 at the time of publication on Monday. This step aligns with a widespread fall in cryptocurrency market and related stocks.
Bittimine published an atheram Treasury strategy in June, initially after raising $ 250 million in a private placement that includes Peter Theal Founders Fund, Galaxy Digital and Pantera Capital.
According to data from the Strategic Ath Reserve website, Bitmine is the largest among many publicly trading atherium trafficking, organizing a combined 4.15 million ETHs.
Ethereum Price Forecasting: Eth 50-Divine falls below SMA, one surge from $ 4,000
Etharium experienced $ 516.3 million in futures liquidation in the last 24 hours, responsible for long liquidity with $ 489.6 million.
Eth saw a fall of 7% in the last 24 hours, falling down from the 50-day simple moving average (SMA) for the first time in two months. Top AltCoin is testing a support of approximately $ 4,000, a level that bulls defended in mid -August after a uniform decline.
Eth/USDT Daily Chart
The decline below $ 4,000 may send ETHs to find support near the 100-day SMA.
The relative power index (RSI) has fallen below its neutral level, and the Stochastic Osilator (Stoch) has entered its oversold area. While indicators suggest the speed of a major recession, the position of oversold in the stocch may lead to the exhaustion of potential recession.
