Bitmine Continues Additional Ethereum Purchases…Secures about 130 billion won Worth in One Day
Suehyeon Lee
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- Bitmine reportedly made a large additional purchase of Ethereum.
- The transaction size was about 130 billion won and is said to be an extension of the recent week-long large-scale Ethereum accumulation trend.
- Bitmine said it aims to hold 5% of the total Ethereum supply.
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Financial firm Bitmine, which is stockpiling Ethereum (ETH) on a large scale, has once again made additional Ethereum purchases.
On the 23rd (local time), according to LookonChain, Bitmine purchased an additional 29,462 Ethereum through Bitgo and Kraken. The transaction is estimated at about $88.1 million (about 130.7 billion won).
This purchase is interpreted as an extension of the large-scale Ethereum accumulation trend that has taken place over the past week. Previously, Bitmine had purchased Ethereum several times, raising its holdings to 4,000,000. Bitmine aims to hold 5% of the total Ethereum supply in the long term.
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