Bitmine Buys 71,672 ETH Last Week for About $154 Million
Bitmine Immersion purchased 71,672 ETH last week. The purchase increased the firm's total holdings to nearly 5.28 million ETH.
CoinDeskEthereum treasury firm Bitmine Immersion bought 71,672 ETH last week for about $154 million. The purchase was larger than the 26,000 ETH acquired the previous week.
Lee said the firm viewed the recent pullback of ETH below $2,200 as an attractive opportunity. Lee stated that rising oil prices are the biggest headwind for ETH prices. He added that the inverse correlation between ETH and oil is the highest ever recorded.
28 million tokens. 37% of Ethereum's circulating supply. 6 billion, including 202 bitcoin and $685 million in cash.
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