BitMine buys $70M ETH while Tom Lee revises Bitcoin prediction
BitMine now holds over $10 billion in Ether, doubling down on its strategy to accumulate 5% of the supply despite being underwater on its total position.
BitMine Immersion Technologies has acquired another 23,773 Ether over the past three days amid the current market slump, as its chairman pushed back his prediction on Bitcoin’s all-time high.
According to an X post by the crypto data analytics platform Lookonchain, Bitmine purchased 7,080 Ether (ETH) for approximately $19.8 million on Monday.
The same wallet also purchased 16,693 ETH for approximately $50.1 million on Saturday, bringing the total to nearly $70 million over the past three days.