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by: xpoolPosted on: October 12, 2025

BitMine Doubles Down on Ethereum Amidst Market Slump

Tom Lee’s BitMine has seized the opportunity to buy Ethereum during a recent market downturn. The firm spent $480 million acquiring ETH, following a significant sell-off triggered by US President Trump’s announcement of additional tariffs on China exports. This move comes despite criticism from short sellers who believe it is an unwise strategy for investors.

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