BitMine Buys ETH Dip as Prices Drop 20%

The world’s largest Ether digital asset treasury, BitMine, has once again capitalized on the recent downturn in crypto markets. Following a steep decline from its August all-time high, BitMine purchased an additional 104,336 Ether (ETH) worth roughly $417 million on Thursday. This latest move comes after BitMine previously bought ETH at a lower price point earlier this week. 3 new wallets received the assets from Kraken and BitGo, according to onchain data reported by Lookonchain. BitMine has not publicly confirmed the transactions.