Tom Lee’s Bitmine publishes $70 million worth of ETH to treasury: onchain analyst
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Bitmine purchased $70 million worth of Ethereum (ETH) on Tuesday, continuing to expand the world's largest corporate ETH treasury.
Key facts
While the Ethereum treasury firm continues expanding its holdings, the token is trading at $1,752, well below its all-time high of $4,950 recorded last August
Meanwhile, Bitmine (BMNR) shares fell 4.8% on Tuesday to close at $14.80
On Monday, Bitmine revealed that it acquired 42,197 ETH last week, lifting its holdings to 5.74 million tokens
According to the latest disclosure, the company held total crypto and cash worth $11.1 billion as of June 28
Summary
According to blockchain analytics platform Lookonchain, Bitmine acquired 40,000 ETH on Tuesday across two wallet addresses. While Bitmine has not officially confirmed the purchase, the company has been steadily accumulating Ethereum and making weekly disclosures. According to the latest disclosure, the company held total crypto and cash worth $11.1 billion as of June 28. While the Ethereum treasury firm continues expanding its holdings, the token is trading at $1,752, well below its all-time high of $4,950 recorded last August.