
ethereum·6d ago
Bitmine Purchases $214M in Ethereum During Market Dip
Bitmine buys 126,971 ETH worth $214M, its largest purchase of 2026, as Tom Lee dismisses market selloff.
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Bitmine buys 126,971 ETH worth $214M, its largest purchase of 2026, as Tom Lee dismisses market selloff.

On-chain data reveals a large holder sold $188M before the crash and repurchased at lower prices.

Consensys CEO Joe Lubin says recent Ethereum Foundation staff reductions and departures do not signal a crisis, but indicate a needed shift in focus.