Bitmine ' s latest disclosure indicates that the company purchased an additional 42,197 ETH during the period 29 June to 3 July, bringing the number of ETHs to 5,742,237. After the news was released, the BMNR stock price rose by more than 4 per cent, in contrast to Strategy's fall on the same day.

Warden up to circulation 4.8%

According to the company, the current holdings of ETH account for about 4.8 per cent of the supply of the Taifung circulation, further increasing its size in the corporate currency holding camps. Bitmine has also continued to strengthen the positioning of the Taifung Treasury Company in the near future, while non-traditional mining companies.

According to the company, about 85 per cent of the existing ETH has been pledged for annual earnings. This means that its strategy is not just to hold assets, but also to attempt to generate sustained income through chain pledges.

  • New Purchase: 42,197 ETH
  • Total hold: 5,742,237 ETH
  • Ratio of pledge: approximately 85 per cent

Separated from Strategy

At the same time, Strategy ' s share price fell by 1.17 per cent. It was reported that the company sold 3,588 BTCs for repurchase of STRC priority shares. The reverse direction of the stock prices of the two companies shows that the market's response to different treasury operations is inconsistent.

At the transaction level, investors tend to view Bitmine ' s increase in holdings and pledges as an expansionary exercise, while being cautious about Strategy ' s allocation of funds. The article attributed this division to the differences between the two companies in the way the encrypted assets were configured.

Short-line kinetic power is being repaired.

The technical aspects show that BMNRR has improved in recent times. According to the report, 4 hours level MCD has been seen to rise and cross, and the green column map has been expanded to reflect the increased drive power.

However, stock prices remain below the 100- and 200-cycle averages, indicating that the longer-term trend is not yet fully strong. If the 20-cycle average of the follow-up station is stabilized, it is possible to further test the 50-cycle average near $18.49; if it breaks through the 15-dollar radius, the share price may look back at the 14.30-dollar support, with the next more visible support position near $13.

Additional information:It was also mentioned that Chairman of Bitmine Tom Lee had recently reiterated his optimism about the United States stock in the CNBC programme, suggesting that the three-quarter corporate financial statements released later in the month might be better than Wall Street expected.