Bitmine Immersion
Coverage of Bitmine Immersion in the Nexus archive.
- ‘Crypto spring has commenced,’ Tom Lee says as Bitmine’s weekly accumulation slows below 100,000 ETH pace
Bitmine Immersion bought 26,659 ETH worth $62 million last week, bringing its total holdings to over 5.2 million ETH. Tom Lee declares that 'crypto spring has commenced'. The weekly accumulation pace has slowed below 100,000 ETH.
- BitMine adds 101,745 ETH for $238 million in third straight weekly buy above 100,000 tokens
BitMine Immersion has purchased 101,745 ETH for $238 million, marking its third consecutive weekly buy of over 100,000 tokens, increasing its total ether holdings to 5.18 million tokens valued at around $12.1 billion. This significant investment underscores BitMine's substantial commitment to Ethereum. The company's consistent large-scale purchases indicate a strong confidence in the cryptocurrency's potential.
- Ethereum Foundation sells nearly $24 million of ETH to Tom Lee’s Bitmine
The Ethereum Foundation sold nearly $24 million worth of ETH to Tom Lee’s Bitmine Immersion. Bitmine Immersion also previously spent $10 million to purchase 5,000 ETH from the Ethereum Foundation last month.