Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish
Summary
Bitmine has increased its Ethereum holdings, bringing its total reserves closer to its five percent supply target. Meanwhile, the firm's chairman argued that the market's mild reaction to a massive Binance theft demonstrates growing strength within the crypto sector.
The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal.
Source: Read the full story at Decrypt
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