Bitmine Immersion Acquires 32,977 ETH, Boosting Holdings to $14.2 Billion
- Asset Accumulation: Bitmine Immersion Technologies acquired 32,977 ETH last week, bringing its total holdings to approximately 4.1435 million ETH valued at $14.2 billion, indicating strong growth potential in the digital asset sector.
- Staking Revenue: The firm has staked around 659.219 ETH worth about $2.1 billion, with an expected annual staking fee of $374 million, showcasing its competitive edge and revenue-generating capabilities in the ETH staking market.
- Market Position: Bitmine ranks as the largest Ethereum treasury company, holding approximately 3.43% of the total Ethereum supply, which underscores its leadership in crypto asset management within the industry.
- Shareholder Meeting Preparations: The company plans to propose an increase in authorized shares at its January 15 shareholder meeting to support future capital market activities and potential acquisitions, reflecting its commitment to shareholder value and strategic planning.
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Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST) As of , JUST (JST) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.033 | 0.0358 | 0.0386 | 0.0414 | 0.0442 | 0.047 | 0.0497 |
| Fibonacci | 0.0358 | 0.038 | 0.0393 | 0.0414 | 0.0435 | 0.0448 | 0.047 |
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