BitMine has substantially expanded its Ethereum holdings by purchasing over 104,000 ETH, valued at around $417 million, increasing its total to approximately 3.03 million ETH worth $12.2 billion. Supported by bullish projections from Chairman Tom Lee, who anticipates ETH prices hitting up to $12,000 by year-end, this strategic accumulation highlights BitMine's push to secure 5% of Ethereum's total supply. The move underscores rising corporate interest in digital assets, emphasizing potential growth driven by institutional adoption, regulatory clarity, and macroeconomic factors despite recent market fluctuations.
Continue to read BitMine Amplifies Ethereum Portfolio with $417 Million Acquisition Amid Bullish Market Sentiment
BitMine has substantially expanded its Ethereum holdings by purchasing over 104,000 ETH, valued at around $417 million, increasing its total to approximately 3.03 million ETH worth $12.2 billion. Supported by bullish projections from Chairman Tom Lee, who anticipates ETH prices hitting up to $12,000 by year-end, this strategic accumulation highlights BitMine's push to secure 5% of Ethereum's total supply. The move underscores rising corporate interest in digital assets, emphasizing potential growth driven by institutional adoption, regulatory clarity, and macroeconomic factors despite recent market fluctuations.
Continue to read BitMine Amplifies Ethereum Portfolio with $417 Million Acquisition Amid Bullish Market Sentiment
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