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Latest ETH Purchase: BitMine, the Ethereum treasury firm led by Tom Lee, reportedly acquired an additional $140.58 million worth of ETH on Tuesday.
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Total Holdings: The company's official disclosure shows it holds 3,967,210 ETH, valued at approximately $11.6 billion, bought at an average price of $3,074.
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Aggressive Strategy: BitMine is aggressively executing its plan to accumulate 5% of the total circulating ether supply, having purchased over 240,000 ETH in the first half of December alone.
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Bullish Outlook: The purchase comes as Ether fell below the $3,000 level, yet Chairman Tom Lee maintains that the "best days for crypto" are ahead, citing legislative progress and Wall Street support.
BitMine Continues Aggressive ETH Acquisition
BitMine, the world's leading corporate Ethereum holder chaired by Fundstrat co-founder Tom Lee, reportedly added another $140.58 million worth of ETH to its treasury on Tuesday. On-chain analysts cited data showing that BitMine acquired 48,049 ETH from a hot wallet on the institutional broker FalconX. This transaction, although not yet officially confirmed by the company, is consistent with its highly aggressive acquisition strategy.
Accumulation Strategy Pays Off
The NYSE American-listed company, trading under the ticker BMNR, revealed in a recent disclosure that it officially holds 3,967,210 ETH, purchased at an average price of $3,074 per ether, valuing the treasury at approximately $11.6 billion. BitMine is firmly committed to its long-term objective of securing 5% of the total circulating supply of ether. The firm has intensified its buying activity despite recent market turbulence, accumulating more than 240,000 ETH in the first two weeks of December.
Buying the Dip Despite Market Downturn
The latest purchase occurred as the cryptocurrency fell below the $3,000 level, with Ether trading around $2,926. Despite the recent price decline, BitMine Chairman Tom Lee remains resolutely bullish, stating that the "best days for crypto" lie ahead. Lee pointed to several positive market developments throughout the year, including legislative progress in Washington and rising institutional support from Wall Street. The company's stock, BMNR, reflected this confidence, closing up 1.42% on Tuesday and demonstrating a staggering 551.24% gain over the past six months.
