BUSINESSTHE BLOCK
Bitmine capitalizes on Ethereum price drop, buys over 100,000 ETH as 5% supply goal nears
Bitmine, a cryptocurrency firm, has purchased over 100,000 ETH following a price drop below $2,200, as it approaches its goal of owning 5% of Ethereum's total supply. Bitmine Chairman Tom Lee described the price decline as an 'attractive opportunity' for accumulation.
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