Tom Lee’s Bitmine has stepped up its Ethereum accumulation, buying another 50,000 ETH ($108.3 M) from FalconX as part of a broader buying trend. Over the past two days, three newly created wallets likely tied to Bitmine have picked up a total of 117,111 ETH worth about $253.3 M, according to on-chain analytics. This aggressive purchasing underscores Bitmine’s ongoing strategy to build one of the largest corporate ETH treasuries in the market.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Crypto news from the past 72 hours tells a clear story about who moves money…
Bitcoin dropped below $80,000. Ethereum fell under $2,300. XRP slipped to $1.38. The total crypto…
Image Source A trading platform can give you charts, prices, indicators, order buttons, account history,…
The Pepe coin price prediction debate heated up on May 4 after CoinDesk reported that…
The CLARITY Act passing would be good for crypto and Ripple CEO Brad Garlinghouse believes…
Just when most traders had already thrown HBAR into the “ghost chain” category, Hedera quietly…
