BitMine Files $300 Million Raise to Buy Ethereum (ETH) 65% Below Its High, as Ruvi (RUVI) Fills Phase 3

BitMine has filed to raise $300 million in preferred stock to buy more Ethereum (ETH), even with the token sitting about 65% below its all-time high and trading near $1,566 after a roughly 10% drop to an intraday low around $1,505 on June 6, down from about $1,663 on June 5. While treasuries average down, the Ruvi (RUVI) decentralized AI superapp (ruvi.io https://ruvi.io) is taking a different route, an audited platform running 20-plus live AI models that pays contributors in $RUVI for the training work they hand closed apps for free.

Where $RUVI Earns Its Keep Across Five Roles

Most presales sell a roadmap, Ruvi sells a product that already works, with 20-plus AI models live across text, image, video, and audio, an external audit on record, and a fixed 5,000,000,000 non-mintable $RUVI supply. Visit https://ruvi.io for details. The token sits at the center of a five-utility model. It rewards contributors for training and creation, meters access to AI infrastructure, settles every marketplace transaction, anchors community governance, and connects the whole network as the unit of value. Out of that fixed 5,000,000,000 cap, future staking will pay holders from real platform revenue, and the planned marketplace and Phase 5-6 governance will route directly through $RUVI.

What ETH Holders Sit Downstream Of

Ruvi closes a gap that ETH structurally cannot. Visit https://ruvi.io for details. Ethereum holders capture none of the network revenue, validators, treasuries, and issuers take the fees, while holders sit downstream with compressed upside and a price that depends on someone else buying higher. Ruvi flips that order. Contributors are paid in $RUVI for the training work they perform, the 20-plus live models are metered so usage produces real demand, and an on-chain buyback-and-burn returns value to holders directly. That alignment is the reason rotation accelerates as the end of the presale approaches, because the case rests on usage, not on a queue of later buyers.

Why the Phase 3 Window Rewards Early Entries

A $500 position at $0.020 buys 25,000 $RUVI, worth $2,500 at the $0.10 listing target. That 25,000 already clears VIP 1 for a +20% bonus, an extra 5,000 $RUVI before listing. Once Phase 3 fills, the same $500 at the $0.028 Phase 4 price buys 17,857, which is 7,143 fewer $RUVI for the same money. Phase 3 is live now at $0.020, after Phase 1 sold out at $0.010 and Phase 2 at $0.015, with Phase 4 next at $0.028. Post-presale, $RUVI staking is set to pay roughly 6% to 14% APY from real platform revenue, so the position keeps working while the listing target approaches. The supply is fixed at 5,000,000,000 and non-mintable, and an on-chain buyback-and-burn means that as usage rises, circulating supply falls. ETH holders get no such mechanism downstream.

Conclusion

Ethereum near $1,566 and roughly 65% below its high still depends on a treasury like BitMine to absorb the next leg, with holders left waiting. Ruvi gives a clearer path, an audited platform, 3,000-plus holders, and 20-plus live AI models generating real demand. Phase 3 is live now at ruvi.io https://ruvi.io and steps to $0.028 the moment it fills, take a position before it closes and today's entry becomes the floor. Full mechanics sit at docs.ruvi.io https://docs.ruvi.io.

FAQs

Why is Ethereum (ETH) trading 65% below its all-time high? ETH sits near $1,566 after falling about 10% to an intraday low around $1,505 on June 6. Demand has thinned enough that treasuries like BitMine are raising $300 million in preferred stock to keep accumulating.

Why are Ethereum holders buying Ruvi? ETH holders capture none of the fees that validators and issuers collect. Ruvi pays contributors in $RUVI, meters 20-plus live models, and burns supply on-chain, so demand from real usage flows back to holders.

Is the Ruvi presale legitimate and what do buyers receive? Ruvi is audited, on-chain, and publicly verifiable, with a fixed 5,000,000,000 non-mintable supply, 3,000-plus holders, and tracking on CoinMarketCap. Buyers receive $RUVI at the live phase price with 100% unlock at launch, no cliff or vesting.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and involve significant risk, including the potential loss of principal. Always perform your own due diligence or consult a licensed financial advisor before making investment decisions.

Ruvi AI
contact@ruvi.io
https://ruvi.io

Ruvi is a decentralized AI superapp combining generative AI tools (text, image, video, audio) behind a single unified product. $RUVI powers a user-in-the-loop training economy where contributors earn for improving the platform. Fixed 5B supply, non-mintable. Platform revenue funds permanent on-chain buyback and burn. https://ruvi.io

This release was published on openPR.