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BitMine buys the dip, makes largest ethereum purchase this year
Despite having an unrealized loss of nearly $9.7 billion, the leading ethereum treasury firm has acquired even more of the token. BitMine Immersion Technologies announced it has acquired 126,971 tokens over the past week, the firm’s largest purchase of ethereum this year. The company’s total stockpile stands at 5.5 million, or around 4.6% of ethereum’s total supply. “We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,” BitMine Chairman Tom Lee said in a statement. The acquisition comes after the crypto markets saw a broad downturn ... (full story)
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