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Bitmine inminries to buy the most money in the recent period of the market, buying almost $ 70 million in just three days.
Key points:
- Bitmine bought almost $ 70 million in ethereum coins in three days, proving that it has increased its funds in accordance with the devaluation.
- The company now holds 3.7 million ethereum and says it has surpassed its 60% milestone of having a 5% completion goal.
- Chairman Tom Lee believes that the price of ethereum has entered the same growth as Bitcoin even if it loses a little.
Show it BlockChain information provided by the Ojenin platform The company bought 7,080 ethereum for about $19.8 million on Monday, following another purchase of 16,693 eth for about $50.1 million over the weekend.
The company continues to strongly establish its liquidity, becoming one of the leading providers of funds for ethereum institutions in the market.
Bitmine talks about its bet on ethereum even without losing
Bitmine asserts its position as the largest digital asset in the financial system, with a large margin from other institutions, according to industry experts. The company says it has about 3.7 million in cash at about $3,008 per share, which it puts in its current position.
However, management did not slow down the pace of purchases. The company says it is about 62% of the way to its sole goal of holding 5% of ethereum.
In turn, Lee said last month that Ethereum could be the beginning of a major cycle similar to the one that has dominated Bitcoin prices since 2017.
Lee said that today’s market is similar to the experience of Bitcoin eight years ago, a long period that eventually went in the direction of the strongest market in the history of Cryptoferry. He also noted that his company slightly promoted bitcoin to investment clients in 2017 when it was trading near $1,000. Since then, the price of Bitcoin has experienced several declines, reaching 75% in some cases, but its value has increased up to 100%.
“WE BELIEVE Etheruum is starting again,” Lee wrote, noting that Etheleur’s weakness reflects uncertainty rather than a crash. He added: “To profit from the 100x cycle you have to endure difficult times and hold money for a long time (Hodl).”
It is important to note that the performance of ethereungu lay behind Bitcoin for most of 2025, although as a market it did not reach an unprecedented level. The price of ethereum hit an all-time high of $4,946 in August, while the price of Bitcoin exceeded $126,000 in October.
The appointment of a new CEO of Bitmine
Bitmine has also chosen a new sim as the company continues to have one of the largest ethereal volumes among publicly traded companies. Last month, the company announced that Chi Tsang would replace Jonathan as CEO, effective immediately.
“It is a small ethereum and its reputation of trustworthiness for Wall Street and the ethereum Ecosystem, Bitmine has the responsibility to be a leading slave,” he said. In conjunction with its management change, Bitmine has appointed three new independent directors to its board of directors.
It is important to note that the sources of ethereum (investors) have increased their funds as a price that can be equal to $ 3,000, something that bullies say can often change the markets.
Cryptoviquant’s information shows that whillets between 10,000 and 100,000 have received two additional additions since April, an increase of 52%, while those who wear statues continue to reduce their dates.
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