BitMine Appears to Buy 6,000 More Ether Worth About $11.18 Million
Summary
- BitMine appears to have made an additional purchase of Ether (ETH).
- BitMine received 6,000 ETH worth about $11.18 million from FalconX.
- BitMine has continued large-scale purchases as it pursues a strategy of building Ether into a core reserve asset.
Forecast Trend Report by Period
BitMine, the company led by Fundstrat co-founder Tom Lee, appears to have added to its Ether holdings.
On-chain analytics platform Lookonchain showed that BitMine received 6,000 ETH, worth about $11.18 million, from institutional digital-asset trading platform FalconX on July 14.
Market participants are weighing the transfer as a likely additional purchase by BitMine. The company has recently been pursuing a strategy of building Ether into a core reserve asset and has continued making large-scale purchases.
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