Daily Market Updates: Bitmine buys $131M of ETH in its biggest purchase since June

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Bitmine buys $131M of ETH in its biggest purchase since June

Bitmine said the deal increases its ETH holdings to 5.9 million tokens, equal to 4.9% of total supply.

Reported · Written up by our desk · Ethereum

Bitmine has purchased $131 million worth of Ethereum, marking its largest ETH buy since June, according to Decrypt.

The outlet said the purchase brings Bitmine's total ETH stash to 5.9 million tokens.

Decrypt reported that the holdings represent 4.9% of Ethereum's total supply, as chairman Tom Lee pointed to a strong third-quarter backdrop for crypto.

The story frames the move as a response to continued market strength.

Latest closeEthereum $2,478.70 ▲2.5%

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Sources

DecryptTom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

Crypto

Bitmine buys $131M of ETH in its biggest purchase since June

More like this

Sources

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