en.bitcoinsistemi.com
12 August 2025 17:41, UTC
Ethereum ($ETH) briefly tested the $5,000 level today, continuing its strong uptrend in recent days.
At the time of writing, $ETH is trading at $4,470.96, up 4.12% intraday, bringing its market capitalization to $539.92 billion. This level is just 8.05% away from its all-time high of $4,891.70 recorded in November 2021.
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According to market data, 24-hour trading volume increased by 7.59% to $161.06 billion, while open interest in futures increased by 5.38% to $61.34 billion. A total of $420.31 million in positions were liquidated in the crypto market over the past 24 hours. $156.35 million of this came from Ethereum and $55.76 million from Bitcoin.
One of the key drivers behind the surge was Bitmine Immersion Technologies (BMNR)'s massive acquisition plan. The company announced today that it plans to sell up to $20 billion worth of shares to increase its holdings of Ethereum. Bitmine's current $ETH holdings stand at 1.15 million $ETH (approximately $4.96 billion), equivalent to approximately 1% of the total circulating $ETH supply.
Bitmine, chaired by renowned investor Tom Lee, aims to own 5% of the circulating $ETH in the long term. This strategic goal sent the company's shares soaring more than 14% on Monday, with its share price up over 600% since the beginning of the year.
*This is not investment advice.
