JAN3 CEO Samson Mow has announced the sale of Bitmine's Ethereum holdings as the company shifts its focus entirely to Bitcoin. Bitmine, which held approximately 3.2% of Ethereum's total supply, made the move citing Bitcoin's stronger value retention. Currently, Ethereum is priced at $2,839.56, reflecting a 2.91% decline over the past 24 hours, while Bitcoin is trading at $86,831.85.
Mow anticipates a significant Bitcoin bull run by late 2025, projecting a price target of $1 million by 2026. This strategic pivot underscores a growing confidence in Bitcoin's long-term potential over other cryptocurrencies.
Samson Mow's JAN3 Sells Bitmine's Ethereum Holdings to Focus on Bitcoin
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