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BitMine Adds 48,049 ETH to Treasury Amid ETH Price Drop

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ETH
$2,987.180.36%
BitMine Inmersion added 48,049 ETH to its treasury during a recent ETH price dip, valued at $140.58 million. The purchase was made via a FalconX-linked wallet, per onchain analyst EmberCN. The firm now holds 3.97 million ETH, worth $11.37 billion, or 3.28% of the circulating supply. Tom Lee remains bullish on ETH, citing progress in U.S. legislation and growing Wall Street support. ETH analysis shows continued institutional interest amid market volatility.
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