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Ethereum Cointelegraph

BitMine appears to buy the dip as ETH is down 20% from peak

Onchain data suggests that BitMine acquired 104,336 ETH, worth approximately $417 million, on Thursday, as prices fell 20% from their August highs, bringing its treasury to over 2.5% of the total supply.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

BitMine appears to buy the dip as ETH is down 20% from peak

Onchain data suggests that BitMine acquired 104,336 ETH, worth approximately $417 million, on Thursday, as prices fell 20% from their August highs, bringing its treasury to over 2.5% of the total supply.

Why this matters

This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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