Bitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead
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Bitmine further expanded its Ethereum reserves with a purchase of 27.180 ETH valued at about 68 million dollars, while its president, Tom Lee, identifies new signals that could favor the asset against Bitcoin in the coming months. Bitmine’s accumulation strategy continues to advance at a sustained pace. [...] The Bitmine entry buys 27.180 ETH and approaches its goal of controlling 5% of Ethereum was first published in Cryptoreport.
Bitmine Purchases Another $68 Million Of Ethereum
Bitmine Immersion Technologies (NYSE: $BMNR) bought another 27,180 Ethereum (CRYPTO: $ETH) over the past week. The latest purchase put the serial crypto acquirer closer to its goal of owning 5% of Ethereum's circulating supply. Bitmine spent $68 million U.S. acquiring Ethereum over the last…
Key points of the news: Bitmine acquired an additional 27,180 ETH, bringing its total holdings of Ethereum to 6 million units. The company continues to expand its position in Ethereum as part of a strategy of constant crypto asset accumulation. More than 197 public companies have already adopted similar models based on the treasury of Ethereum. ... Read more
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