BitMine Accumulates Ethereum: Record 200 Million Purchases
BitMine increases Ethereum reserves with purchases of more than $200 million, surpassing major global holders.
Ethereum is a decentralised, open-source blockchain platform that allows developers to create and deploy smart contracts and decentralised applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum offers more than just cryptocurrency transactions as it provides a programmable blockchain where users can create complex, autonomous contracts without the need for intermediaries.
50 PostsBitMine increases Ethereum reserves with purchases of more than $200 million, surpassing major global holders.
An analysis of the returns of Bitcoin, Ethereum, BNB, Litecoin and Monero shows that the 'Santa Rally' is not guaranteed: rises only occur in positive macro phases.
In a sign of systemic stress, digital asset treasury (DAT) companies such as FG Nexus and ETHZilla liquidate millions of Ethereum to buy back shares at a steep discount to NAV.
Persistent outflows from Bitcoin ETFs and the extreme fear index (11) contrast with aggressive whale accumulation. Retail is absent while large investors are buying.
Tom Lee's BitMine strategically accumulates 72,000 ETH ($281M) in the recent crash, bringing its holdings to 3.03M ETH. The institutional accumulation pushes exchange reserves to lows. Tom Lee and Arthur Hayes predict massive price increases, seeing ETH between $10,000 and $15,000.
After the October market crash triggered by US tariffs, Bitmine bought the dip of ETH at $3.728. The company now holds almost 2.5% of all Ethereum

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