Bitmine adds 127,000 ether, bringing treasury to 5.54 million ETH as Tom Lee calls crypto selloff ‘superficial’
Hex37's read
- Bitmine acquired 126,971 ETH for $207M.
- Bitmine's ETH treasury now holds 5.54 million tokens.
- Ether is trading 30% below its April highs.
- Analyst Tom Lee views the crypto selloff as 'superficial'.
What it means for traders
- Large ETH accumulation by Bitmine could signal bullish sentiment.
- Potential for ETH price recovery if broader market sentiment improves.
Affected markets
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