Ethereum is trading just below $2,500, up about 1% on the day, as BitMine chairman Tom Lee says the company will not sell its ETH out of financial necessity. BitMine’s staking (locking crypto to earn rewards) income is close to $300 million a year, compared with $30 million to $35 million in annual dividend obligations on its 9.5% Series A perpetual preferred stock. The company is reported to hold 5,846 million ETH, or 4.8% of total supply, just 200,000 ETH below its 5% target. Arkham said BitMine bought about $79.17 million of ETH during the past week, its largest weekly purchase in more than a month and a half, bringing its holdings to $14.72 billion, or about 4.85% of supply, at an average purchase price of roughly $3,400. Lee said the 5% target may not be a cap if enterprises adopt ETH as a long-duration treasury asset. ETH’s technical picture remains mixed: support is identified at $1,850-$1,920 and resistance at $1,970-$2,052 and $2,120-$2,140, with a move above $2,140 potentially opening a path toward $2,600, while a fall below $1,900 would undermine the triangle breakout and point toward $1,800. The material also highlights Maxi Doge, an ERC-20 (Ethereum token standard for fungible assets) meme-token presale that has raised $4.8 million at $0.0002835 and offers a 65% APY (annualized yield including compounding) staking reward.