Bitmine Acquires 128,718 ETH After the Crash as Institutions Buy the Dip

Summary

October’s historic crypto market crash forced a reckoning across leveraged trading, sent prices tumbling, and set the stage for audacious institutional dip-buying. Among the biggest actors was Tom Lee’s Bitmine Immersion Technologies. The behemoth Ethereum treasury company rapidly expanded its already massive ETH coffers by acquiring 128,718 more ETH (worth about $480 million) immediately after […] The post Bitmine acquires 128,718 ETH after the crash as institutions buy the dip appeared first on CryptoSlate.