Tom Lee's Bitmine Purchases 17,722 ETH Worth $34.74 Million

ETH7,55%

Gate News bot message, Tom Lee(@fundstrat)'s Bitmine purchased an additional 17,722 ETH valued at $34.74 million eight hours ago, according to Lookonchain.

This week, three wallets reportedly linked to Bitmine acquired a total of 62,722 ETH worth $123.25 million. Previously, Lookonchain reported that Bitmine bought another 10,000 ETH valued at $19.49 million from centralized exchanges two hours prior to the earlier report.

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Bitmine Upgrades to the NYSE Main Board! Tom Lee: US stocks may have bottomed out, and selling pressure on Ether could ease

Bitmine has officially moved from the New York Stock Exchange U.S. board to the main board, marking a major milestone for the company. Despite a sharp drop in the stock price, it has still increased the share repurchase plan to $4.0 billion. The company holds a large amount of Ethereum, and expects that a rebound in the crypto market will help strengthen its assets and stock price performance.

CryptoCity26m ago

Bitmine added more than 70k ETH this week, with its holdings surpassing the 4% threshold of the circulating supply.

Ethereum Treasury Company Bitmine recently increased its holdings by 71,524 ETH, bringing its total position to about 4.87 million ETH, nearing its 5% target. Despite having $6.0 billion in paper losses, Bitmine still has $11.8 billion in total assets, and defines ETH as a “wartime value storage method.” This move reflects its confidence in Ethereum’s long-term value.

MarketWhisper42m ago

Yesterday, the spot ETF for Ethereum saw a net inflow of $9.44 million, with BlackRock’s staking version ETHB leading the way.

On April 13, Ethereum spot ETF net inflows reached $9.44 million, including a $5.78 million inflow into BlackRock’s Staking version ETHB and a $5.15 million inflow into Grayscale’s mini ETH. BlackRock ETHA and 21Shares TETH had net outflows of $4.07 million and $1.35 million, respectively, and the fund flows of the remaining products were zero.

GateNews3h ago
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