BitMine Acquires More Ethereum, Holdings Exceed 3 Million ETH Amid Market Dip
BitMine Acquires More Ethereum, Holdings Exceed 3 Million ETH Amid Market Dip
Publicly traded firm BitMine Immersion Technologies strategically bought the crypto market dip over the weekend, adding 202,037 ETH to its reserves. This significant acquisition propels the company's total Ethereum holdings beyond an impressive 3 million ETH, demonstrating a strong conviction in the asset.
BitMine Strengthens Ethereum Reserves During Market Slump
Publicly traded firm BitMine Immersion Technologies made a notable move over the weekend, capitalizing on a recent crypto market dip. The company significantly bolstered its Ethereum (ETH) reserves by acquiring an additional 202,037 ETH. This strategic purchase has propelled BitMine's total ETH holdings to an impressive figure exceeding 3 million ETH.
The NYSE-listed company, known for its involvement with both Bitcoin (BTC) and the Ethereum network, officially disclosed this substantial increase in its digital asset portfolio today, highlighting a clear 'buy the dip' strategy for Ethereum.