Bitmine Buys $84 Million in ETH as Tom Lee Calls Market Pullback ‘Attractive’ Entry Point: Onchain Data
6 Articles
6 Articles
Bitmine Buys 20,000 ETH During Market Panic, Defies Bearish Sentiment
TLDR: Bitmine added 42,000 ETH in one week, reflecting sustained accumulation during heightened market volatility The latest 20,000 ETH purchase occurred near market lows, signaling strategic timing rather than reactive buying Staking remains central to Bitmine’s model, with projected annual rewards tied to validator expansion plans Bitmine equity trades below NAV despite rising ETH holdings and improving Ethereum network activity. Bitmine Et…
BitMine Expands Ethereum Treasury Amid Market Volatility
BitMine, the worlds largest corporate holder of Ethereum, has taken advantage of recent ETH price volatility to further expand its crypto treasury, reinforcing its long-term conviction in the Ethereum network. According to blockchain analytics platform Lookonchain, citing data from Arkham Intelligence, BitMine acquired approximately 20,000 ETH on February 7 for a total investment of $41.98 million. This latest Ethereum purchase brings BitMine si…
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