BitMine Company and Unknown Whale
Purchase worth $882 million
of Ethereum
Alongside the sale of Ethereum-ETH(
Terrified investors - BitMine Immersion Technologies purchased an additional 106,485 Ethereum (Ethereum) worth $470.51 million in the last ten hours, bringing its total holdings to 1.297 million Ethereum (Ethereum) valued at $5.75 billion, while a mysterious whale withdrew 92,899 Ethereum (Ethereum) worth $412 million from the Kraken platform over four days.
The LookOnChain platform confirmed this massive accumulation of $882 million, which came in the wake of panic from small traders who sold their coins during recent downturns.
In this context, BlackRock's accumulation of Ethereum (Ethereum) increased at a rate 15 times faster than its accumulation of Bitcoin (Bitcoin) over the past thirty days, as its stock of Ethereum grew by 65% compared to
the growth of its Bitcoin (Bitcoin) holdings by 4%, while reports indicated that President Trump purchased an additional $8.6 million worth of Ethereum, along with $10 million of Bitcoin (Bitcoin).
