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Bitmine Acquires Additional 54,156 ETH Despite Current Market Downturn
Gate News bot message, Tom Lee’s Bitmine added 54,156 ETH (worth $169 million) to its holdings last week, bringing its total ETH position to 3,559,879 ETH ($11.11 billion).
Analysis of Bitmine’s wallet transactions reveals an average acquisition cost of $4,017 per ETH. With ETH currently trading at $3,120, the position is underwater on paper.