Bitmine purchases $84M ETH during dip, says onchain data
BitMine Immersion Technologies acquired $83.6 million in ETH on Monday, reinforcing its investment in the future of Ethereum. Arkham Intelligence reports that the Ethereum treasury corporation purchased 20,000 ETH from FalconX at approximately 12:40 p.m. on Monday. Onchain analytics service Lookonchain said that the company acquired an additional 20,000 ETH from BitGo within a comparable […]
BitMine Ethereum Divergence Sparks Investor Fears but Fuels Long-Term Confidence
BitMine Ethereum Divergence is making waves across the crypto and equity markets, with the firm’s stock price moving in the opposite direction of Ethereum’s recent surge. While ETH has regained the $4,500 mark, BitMine (BMNR) has slipped, raising questions about why the world’s largest Ethereum treasury company is failing to track its core asset. Analysts […]