Key Insights:
Ethereum price in focus as BitMine bought another $213.57 million in ETH, raising its holdings to about $9.32 billion.
Glassnode data shows that only 11% of the ETH supply is sitting at more than 3x profit.
Spot Ethereum ETFs recorded $68.17 million in net inflows, led by Fidelity and BlackRock products.
Ethereum price is back in the spotlight after Tom Lee’s BitMine revealed another major ETH crypto purchase worth $213.57 million. The latest buy pushed the firm’s Ethereum holdings to about $9.32 billion.
At the same time, fresh ETF inflows and new on-chain data are giving traders more reasons to watch the market closely.
BitMine Adds Another $213.57 Million Worth of ETH Crypto
Tom Lee’s BitMine has increased its Ethereum holdings once again. According to data shared by Arkham, the company bought an additional $213.57 million worth of ETH. The purchase adds to what is already one of the largest known corporate Ethereum positions in the market.
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