PiCK
Bitmine buys an additional 27,256 Ethereum… Tom Lee: "This correction is a shakeout before the rally"
Minseung Kang
Summary
- Bitmine is reported to have purchased an additional $104,240,000 worth of 27,256 Ethereum.
- On-chain analytics firm Lookonchain said Bitmine has secured more than 27,256 ETH.
- Tom Lee analyzed the recent plunge as a healthy adjustment and mentioned the possibility of a short-term rebound.
Bitmine, which is stockpiling Ethereum, is reported to have additionally purchased 27,256 Ethereum worth about $104,240,000 (about 148 billion won).
On the 11th, on-chain analytics firm Lookonchain said on X (formerly Twitter), "Bitmine has just acquired more than 27,256 ETH."
Earlier that day, Tom Lee said in a CNBC interview, "Today's plunge is a healthy market adjustment (shakeout), and a rebound is likely within a week."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’](https://media.bloomingbit.io/PROD/news/78293fc1-a315-4ebb-81cf-f2cb32921d57.webp?w=250)
