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by: xpoolPosted on: November 28, 2025

BitMine Acquires $62.85 Million Worth of Ethereum

Crypto firm BitMine has made a significant acquisition, buying 20,532 ETH worth $62.85 million from BitGo. This move signals institutional interest in Ethereum and could influence the market’s stability. Led by Tom Lee, founder of Fundstrat Global Advisors, BitMine is strategically accumulating Ethereum as part of its aggressive investment strategy.

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