This week, BitMine, led by Fundstrat co-founder Tom Lee, added another new asset to its portfolio. эфириум-reserves, taking advantage of the fall of the leading altcoin.
According to the Arkham platform, the firm purchased 48,049 ETH, worth almost $140 million, from the FalconX hot wallet. It’s worth noting that the company has not officially confirmed this transaction.
However, on Monday, BitMine announced that it owned 3,967,210 ETH, purchased at an average price of $3074 per AltcoyinAt current prices the cost эфириум- the company’s assets amount to approximately $11,6 billion.
As the largest corporate holder of Ethereum, BitMine has been implementing its aggressive accumulation strategy, consistently buying ETH over the course of a year. Confident that the leading Altcoyin will play an increasingly important role in the global financial system, the company’s management confirmed its long-term goal of accumulating 5% of the total volume in circulation.
According to Tom Lee, the recent decline in Ethereum’s price represents «the best days for cryptocurrency.» That’s why, despite the ongoing market downturn, the company recently increased its purchases, purchasing 240,711 ETH in the first two weeks of December.
At the time of writing the article эфириум was trading at $2,946. The digital asset has fallen more than 12% over the past week.