Bitmain closes down about 8% despite additional Ethereum purchases

Uk Jin

Summary

The Block reported that Bitmain closed down 8.12% despite additional purchases of Ethereum.
Bitmain said it additionally purchased 82,353 Ethereum over the past week.
Bitmain's total Ethereum holdings amounted to 3.4 million, or 2.8% of the total supply.

Bitmain, which is carrying out an Ethereum (ETH) reserve business, showed weakness during the session.

On the 3rd (local time), according to crypto-focused media outlet The Block, Bitmain closed at $42.86, down 8.12% from the previous day.

Despite having additionally accumulated Ethereum, the stock price fell. Bitmain additionally purchased 82,353 Ethereum over the past week. Bitmain's total Ethereum holdings reached 3.4 million, representing 2.8% of the total supply.

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