BitMine’s Tom Lee saw the market crash as a discount buying opportunity, acquiring over $827 million worth of Ether over the weekend.
BitMine, the world’s largest corporate Ether holder, capitalized on this weekend’s crypto market crash to buy the dip, signaling more institutional confidence in Ether’s continued momentum.
The company said it acquired Ether (ETH) “more aggressively” during the market turmoil, pushing its total holdings past 3 million ETH, or about 2.5% of the cryptocurrency’s total supply. BitMine’s average purchase price was $4,154 per token.
Over the past few days, BitMine acquired 202,037 ETH, worth about $827 million, the company said in a Monday X post.
