{"id":1826,"date":"2025-12-11T11:22:46","date_gmt":"2025-12-11T16:22:46","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=1826"},"modified":"2025-12-11T11:22:49","modified_gmt":"2025-12-11T16:22:49","slug":"bitmine","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/bitmine\/","title":{"rendered":"BitMine Stock Rebounds as Ethereum Signals a Potential Price Breakout"},"content":{"rendered":"\n
\"BitMine<\/figure>\n\n\n\n

BitMine\u2019s share price is slowly fighting its way back up, climbing from a November 21 low of $25.35<\/strong> to around $40<\/strong>, and the recovery comes at a moment when Ethereum appears to be gearing up for a major move. With the company aggressively accumulating ETH and network fundamentals strengthening, traders are starting to consider whether both the stock and the cryptocurrency are setting up for a fresh rally.<\/h2>\n\n\n\n
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BitMine<\/a> Becomes a Massive Ethereum Holder<\/strong><\/h2>\n\n\n\n

BitMine Immersion, once known mainly as a small-cap Bitcoin mining firm, has transformed into the world\u2019s largest Ethereum holder. Over the past month alone, the company added 359,228 ETH<\/strong>, pushing its total stash to 3.864 million coins<\/strong>, valued at more than $12.36 billion<\/strong> at current prices.<\/p>\n\n\n\n

This enormous accumulation has become a key part of BitMine\u2019s long-term strategy\u2014and it\u2019s already shaping investor sentiment.<\/p>\n\n\n\n


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Ethereum\u2019s Supply Crunch Helps the Bullish Case<\/strong><\/h2>\n\n\n\n

Market data shows that Ethereum held on exchanges has dropped to an all-time low<\/strong>, a sign of tightening supply. That scarcity is being driven by several groups:<\/p>\n\n\n\n