BitMine buys the dip, adding $140 million worth of ETH to treasury: onchain analysts
The Block
BitMine reportedly acquired $140.58 million worth of ETH, adding 48,049 ETH to its treasury on Tuesday.Summary
BitMine, the Ethereum treasury firm led by Fundstrat co-founder Tom Lee, reportedly purchased $140.58 million worth of Ether (ETH) on Tuesday, acquiring 48,049 ETH from a FalconX hot wallet, according to onchain analysts EmberCN and Lookonchain. This purchase occurred as Ether's price dipped below $3,000. BitMine, the world's top corporate Ethereum holder, has an aggressive acquisition strategy, aiming for 5% of the total circulating supply. Official disclosures show the company holds 3,967,210 ETH at an average price of $3,074, valuing the treasury around $11.6 billion at current prices. Tom Lee expressed optimism for crypto's future, citing legislative progress and Wall Street support.
(Source：The Block)