Bitmine Buys 28,650 Ethereum Valued At $130 Million – Details
Ethereum is trading at critical levels after days of volatility, pushing closer to its all-time high near $4,800. Bulls remain in control, and the market is increasingly focused on whether ETH can break through resistance and confirm a new phase of the uptrend. Adding to the momentum, Bitmine Immersion Technologies, Inc., a blockchain technology company […]
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According to the latest on-chain data, BitMine viewed the latest market downturn as an opportunity to further increase its exposure to Ethereum, the second-largest cryptocurrency by market cap. In two separate fresh buys, the Ethereum treasury firm expanded its holdings by over $199 million worth of Ether tokens. BitMine Now Holds 3.08% Of Total Ether […]
BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the company’s ETH stash to a value near $8.66 billion. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Based on reports, the purchases were made through Galaxy Digital’s over-the-counter desk and arrived in several chunks rather than a single block. Purchase Broken Into Four Tranches The recent buys were split into four settlements: 3,247 ETH ($14.50 million), 3,258 ETH ($14.6 million), 4,494 ETH ($20 million), and 4,428 ETH ($19.75 million). That....
Bitcoin and Ethereum corporate treasuries have seen fresh growth this week as both Strategy and BitMine have announced new acquisitions. Strategy & BitMine Have Both Added To Their Treasury Reserves Strategy and BitMine, the largest Bitcoin and Ethereum treasury companies, respectively, have just revealed new purchases. The former’s announcement comes through a routine Monday X […]
On-chain data is pointing to another interesting accumulation move by Tom Lee’s BitMine Immersion Technologies, with a whale tracker flagging a $197.64 million Ethereum purchase routed through four newly created wallets. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months The latest Ethereum buy has come during a period of weakness, which has seen the Ethereum price losing $2,300, and $2,100 is now in focus. BitMine Adds 89,026 ETH As Treasury Accumulation Continues On-chain analytics firm Lookonchain flagged a series of transactions suggesting that BitMine, the....
Bitmine Immersion Technologies has been buying Ether steadily and has pushed its holdings to roughly 4.5 million tokens, a position that makes the firm one of the largest corporate holders on record. Related Reading: Bitcoin Bet Deepens As Metaplanet Raises $255 Million For Future Purchases According to reports, the latest disclosed move included an over-the-counter […]