They Said Ethereum Was Dead — Then This Firm Spent $137 Million in 24 Hours

Cryptocurrency investment company BitMine, headed by Wall Street veteran Tom Lee, has purchased 40,718 ETH, worth approximately $137 ￰0￱ purchase is a sign of increased institutional confidence in Ethereum during the current market revival ￰1￱ to recent blockchain data from Arkham Intelligence, two major transactions were made to BitMine wallets within 24 ￰2￱ Prime and FalconX transferred over 19,000 ETH, worth $69.89 million, to the ￰3￱ days ago, the over-the-counter desk at Galaxy Digital transferred approximately 6,000 ETH, valued at $29.28 million, to BitMine addresses.