Key Insights:
Bitmine makes Ethereum news headlines with a fresh purchase of 45,000 ETH. It now has over $9 billion in staked ETH.
Galaxy Digital offloads 45,000 ETH.
Ethereum ETFs sold $72 million in ETH in the last 2 days.
Tom Lee’s Bitmine has reportedly just made another major ETH purchase. The company, which has been building a reputation as the MicroStrategy of Ethereum, has been on an aggressive buying spree this year.
Bitmine reportedly acquired 45,000 ETH worth roughly $103 million in the last 24 hours (29 April). The purchases took place on BitGo and FalconX.
Bitmine buys more ETH | Source: Lookonchain
Bitmine now holds just over 5 million ETH, which is roughly 4.2% of the cryptocurrency’s total supply. This aggressive accumulation has taken place over less than 12 months since the company started buying ETH at the end of July last year.
This aggressive move has not only sparked interest among crypto observers and analysts but also ignited interest in the
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