Institutions Continue to Buy Ethereum (ETH)! Here's the Company That Turned Recent Downward Movements Into Opportunity!

BitMine Immersion Technologies has added 104,336 ETH (approximately $417 million) worth of Ethereum to its corporate treasury, according to a report by crypto data provider Lookonchain, citing Arkham ￰0￱ Adds $417 Million Worth of Ethereum to Treasury During Market Downturn The transactions were sent to three new addresses via seven transfers from Kraken and BitGo ￰1￱ BitMine hasn't officially announced the transaction, on-chain data suggests the transaction is linked to addresses belonging to the ￰2￱ of the latest update, BitMine's total Ethereum holdings stand at 3.03 million ￰3￱ amount is worth approximately $12.2 billion, making it the world's largest Ethereum treasure and the second-largest crypto treasure holder after Michael Saylor's Strategy.

BitMine, led by Fundstrat co-founder Tom Lee, is pursuing a goal of accumulating 5% of Ethereum's total ￰4￱ company states that it is committed to supporting Ethereum's role in global financial ￰5￱ latest purchase from BitMine comes amid a broader market ￰6￱ (ETH) has fallen 8.7% over the past seven days to $4,028, trading 18.5% below its all-time high of $4,946. While the crypto market remains weak following the largest wave of liquidations in its history last weekend, analysts emphasize that long-term fundamentals remain strong. “The investors being liquidated were already crypto believers; they won't be leaving the market,” said Wincent Director Paul Howard. *This is not investment ￰7￱ Reading: Institutions Continue to Buy Ethereum (ETH)!

Here's the Company That Turned Recent Downward Movements Into Opportunity!