Bitmine Scoops Up $253M in ETH in Just Two Days

The post Bitmine Scoops Up $253M in ETH in Just Two Days appeared first on Coinpedia Fintech News

Tom Lee’s Bitmine has stepped up its Ethereum accumulation, buying another 50,000 ETH ($108.3 M) from FalconX as part of a broader buying trend. Over the past two days, three newly created wallets likely tied to Bitmine have picked up a total of 117,111 ETH worth about $253.3 M, according to on-chain analytics. This aggressive purchasing underscores Bitmine’s ongoing strategy to build one of the largest corporate ETH treasuries in the market.