BitMine Doubles Down on Ethereum: Buys $417 Million Amidst Market Volatility

Despite recent market turbulence, BitMine Technologies has continued to aggressively acquire Ethereum. The company recently purchased another $417 million worth of ETH within a seven-hour period, bringing their total holdings to over $828 million in just one week. This latest purchase follows BitMine Chairman Thomas Lee’s view that the crypto market’s recent dip offers strategic buying opportunities.