BitMine Immersion Technologies (NYSE: $BMNR) has slowed its Ethereum (CRYPTO: $ETH) purchases over the past week.
The slowdown comes after months of aggressive buying that has propelled BitMine to become the world’s largest Ethereum treasury company.
The firm led by Chairman Tom Lee bought 26,659 Ethereum over the past week, worth about $63 million U.S. That’s a quarter of the average weekly purchase made in recent weeks.
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The purchase lifted BitMine’s holdings of ETH to more than 5.2 million tokens, equivalent to 4.31% of Ethereum’s total circulating supply.
The slowdown in purchases comes after Lee recently said that BitMine might start moderating its buying pace after the company bought more…
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Source finance.yahoo.com
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