Tag: acquisitions

BitMine accumulates $1.5B in Ether since crash despite Lee’s treasury bubble fears

BitMine has $1. 5 billion worth of Ether following the market crash, as Tom Lee remained bullish despite saying the DAT bubble may have burst. Fundstrat’s Tom Lee has echoed the sentiment that digital asset treasury hype may be coming to an end, but remains bullish on Ether, having purchased $1. 5 billion worth since the market crash. BitMine Immersion Technologies has scooped up a total of 379, 271 Ether (ETH) worth almost $1. 5 billion since the record crypto market liquidation event last weekend. The acquisitions came in three separate purchases: 202, 037 ETH after the weekend crash, 104, 336 ETH on Thursday, and 72, 898 ETH on Saturday, according to onchain data from Arkham Intelligence and ‘BMNR Bullz’, which tracks the firm’s purchases, though it has yet to be officially confirmed by BitMine. Read more.