Ethereum holds near $2,400 as BitMine approaches 5% of ETH supply
- —ETH trades at $2,443, up 1.9% on the day and 28.7% over 30 days
- —BitMine bought another 27,180 ETH and holds 5,956,378 ETH, about 4.9% of supply
- —85% of BitMine's position (5.07 million ETH) is staked
- —Multi Party Block Construction launched on the Ethereum mainnet on September 16
Why it matters: Corporate ETH accumulation and infrastructure upgrades support the price, but a break above $2,500 is needed for a reversal.
Source: Invezz