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BitMine Capitalizes on Ethereum Dip, Acquiring $389 Million in ETH

BitMine Capitalizes on Ethereum Dip

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a month ago

BitMine Immersion Technologies, a prominent Ethereum treasury company, has significantly expanded its cryptocurrency holdings by purchasing an additional 110,301 ETH, valued at approximately $389 million. This strategic acquisition occurred during a recent price dip in the Ethereum market, with the company's chairman, Tom Lee, citing the depressed prices as an "attractive opportunity."

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