The post $68.67 Million in Minutes: Tom Lee’s BitMine Buys Ethereum Again appeared on BitcoinEthereumNews.com. BitMine buys the dip as Ethereum retests $2,900 BitMine buys 64,000 ETH in one day BitMine Immersion Technologies (BMNR), a publicly traded Ethereum-focused company chaired by Tom Lee, has once again doubled down on its regular Ethereum purchase despite the weak market condition. On Saturday, Dec. 6, data from on-chain monitoring platform Lookonchain shows that a wallet address belonging to the firm has raised 22,676 ETH worth $68.67 million from a Bitgo hot wallet a few hours ago. The transfer, which has turned heads among market watchers, is interpreted to be one of the firm’s long-term Ethereum accumulations rather than just short-term trading activity. BitMine buys the dip as Ethereum retests $2,900 While BitMine is known for its consistent large-scale Ethereum accumulation, its latest purchase has sparked discussions across the crypto community as it has come when the broad crypto market is experiencing a notable downturn. The move suggests that the treasury may be buying the dip on Ethereum, increasing its already large Ethereum reserve at a cheaper price. This is not a surprise as the treasury’s chairman, Tom Lee, is renowned for his consistent advocacy for Ethereum. While he has remained firm in his belief that short-term market drawdowns are buying opportunities that should not be ignored, the firm’s latest purchase aligns with the narrative. Notably, the large Ethereum purchase witnessed today has come less than a day after another large buy was spotted from BitMine. The Ethereum treasury had scooped about 41,946 ETH worth $130.78 million from a FalconX hot wallet on Friday in two separate transactions. BitMine buys 64,000 ETH in one day In total, BitMine has accumulated over 64,000 ETH worth about $199 million within 24 hours, signaling its resilience and unwavering conviction in Ethereum and its potential outlook. Nonetheless, the purchase came after Ethereum slowed… The post $68.67 Million in Minutes: Tom Lee’s BitMine Buys Ethereum Again appeared on BitcoinEthereumNews.com. BitMine buys the dip as Ethereum retests $2,900 BitMine buys 64,000 ETH in one day BitMine Immersion Technologies (BMNR), a publicly traded Ethereum-focused company chaired by Tom Lee, has once again doubled down on its regular Ethereum purchase despite the weak market condition. On Saturday, Dec. 6, data from on-chain monitoring platform Lookonchain shows that a wallet address belonging to the firm has raised 22,676 ETH worth $68.67 million from a Bitgo hot wallet a few hours ago. The transfer, which has turned heads among market watchers, is interpreted to be one of the firm’s long-term Ethereum accumulations rather than just short-term trading activity. BitMine buys the dip as Ethereum retests $2,900 While BitMine is known for its consistent large-scale Ethereum accumulation, its latest purchase has sparked discussions across the crypto community as it has come when the broad crypto market is experiencing a notable downturn. The move suggests that the treasury may be buying the dip on Ethereum, increasing its already large Ethereum reserve at a cheaper price. This is not a surprise as the treasury’s chairman, Tom Lee, is renowned for his consistent advocacy for Ethereum. While he has remained firm in his belief that short-term market drawdowns are buying opportunities that should not be ignored, the firm’s latest purchase aligns with the narrative. Notably, the large Ethereum purchase witnessed today has come less than a day after another large buy was spotted from BitMine. The Ethereum treasury had scooped about 41,946 ETH worth $130.78 million from a FalconX hot wallet on Friday in two separate transactions. BitMine buys 64,000 ETH in one day In total, BitMine has accumulated over 64,000 ETH worth about $199 million within 24 hours, signaling its resilience and unwavering conviction in Ethereum and its potential outlook. Nonetheless, the purchase came after Ethereum slowed…