Verified news about BitMine and Ethereum purchases
BitMine, the company led by financial expert Tom Lee, continues to expand in the Ethereum market by executing large purchases through Galaxy Digital, the well-known institutional arm in the market.
These moves come as part of a clear accumulation strategy over the past few weeks.
According to confirmed data and reports:
BitMine executed a massive deal involving 14,665 ETH with an estimated value exceeding 64 million dollars ๐ฃ
The transactions were conducted through Galaxy Digital as an OTC broker to accumulate Ethereum away from the open market.
Transfers were monitored on-chain and confirmed by major crypto analytics and news sites.
What does this mean for the market?
The presence of institutions clearly moving towards Ethereum.
A positive signal regarding long-term growth and confidence.
Reinforcing the view of ETH as an important institutional asset alongside Bitcoin.
