🚨 BitMine's Aggressive $827M ETH Purchase After Crypto Market Crash 🚨
Amid a massive $19B crypto sell-off, BitMine seized the opportunity to purchase $827M worth of Ethereum (ETH), bringing its total ETH holdings to over 3 million, about 2.5% of Ethereum's circulating supply. This bold move positions BitMine as the largest Ethereum holder globally!
🔑 Key Takeaways:
202,037 ETH added to BitMine’s treasury during the market downturn.
BitMine's total crypto and cash assets now amount to $13.4B.
Tom Lee of Fundstrat predicts Ethereum is entering a “Supercycle” as AI and blockchain integration rise.
BitMine aims to own 5% of the total ETH supply.
📊 Ethereum Market Outlook:
With Ethereum's path potentially leading to $10K, the Fusaka upgrade and growing institutional interest could accelerate this journey. BitMine’s aggressive strategy highlights the growing importance of Ethereum as a global digital asset.