Ethereum Power Play: Bitmine Rockets Past 5M ETH With Fresh 101,901 Purchase
The Ethereum treasury company founded by Wall Street analyst Tom Lee is now underwater by more than $6.3 billion. Related Reading: Countdown To Clarity: Key US Crypto Bill Nears May Approval: CEO Bitmine paid an average price above $3,600 per ETH across its holdings, while Ethereum currently trades around $2,300 — a gap that has […]
Related News
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 […]
Ethereum treasury company Bitmine has announced that it loaded up on 71,179 ETH over the past week, taking its supply share to 3.92%. Bitmine Has Continued Its Aggressive Ethereum Accumulation As announced in a press release, Bitmine participated in additional Ethereum buying during the last week. In total, the firm has added 71,179 ETH with […]
Two massive Ethereum transactions have just flowed out from FalconX, with Lookonchain linking them to ETH treasury company BitMine. BitMine Has Received 48,049 Ethereum From FalconX In a new post on X, on-chain sleuth Lookonchain has pointed out how BitMine appears to have acquired 48,049 ETH from a hot wallet connected to FalconX, an institutional […]
Ethereum’s price may be experiencing a pullback due to the robust volatility in the crypto market, but bullish sentiment is starting to return on the institutional level. In a bold and bullish move, Bitmine Immersion has made another strategic ETH purchase, scooping up the altcoin on a large scale amid the ongoing volatile period. Bitmine […]
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 […]