$ETH faced renewed selling pressure on Oct. 21 slipping below the $4,000 mark down about 5% in the past 24 hours While retail investors reacted nervously to the decline institutional players appeared to see opportunity instead of fear
According to on-chain data, wallets linked to blockchain infrastructure firm BitMine acquired 63,539 ETH worth roughly $251 million amid the market drop The transactions were made from major exchanges Kraken and BitGo to three new wallets associated with the company
Under the leadership of veteran market analyst Tom Lee BitMine has been steadily building one of the biggest corporate Ether treasuries The company now holds about 3.29 million ETH valued at over $13 billion representing 2.73% of the total supply #Ethereum #Ethereuminflow #StrategyBTCPurchase #BitcoinETFNetInflows
