BitMine Ethereum Stash Hits $14 Billion After Latest Buy

As Tom Lee continues to declare his unwavering stance on Ethereum's future potential, his led Ethereum treasury firm, BitMine has also remained relentless in its regular Ethereum purchases. According to the latest reports shared today, BitMine has once again expanded its Ethereum holdings after purchasing another 10,452 ETH over the past week. Despite the ongoing volatility facing the broad cryptocurrency market, BitMine has purchased an additional 10,452 ETH worth over $24 million according to data from Whale Insider. While the move has come at a time when Ethereum is trading significantly lower than its local highs amid the persisting market downturn, the latest BitMine purchase further demonstrates its commitment to the leading crypto asset.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.