Bitmine Buys Another 27,000 ETH Despite Market Slump, Nears 5% of Ethereum Supply

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AI Fusion Summary

BitMine has acquired 27,084 ETH for $43 million, continuing an aggressive accumulation strategy despite the current market slump. The firm, linked to Tom Lee, is actively working toward a target of owning 5% of the total Ethereum supply. This recent purchase of over 27,000 tokens within a single week highlights growing institutional interest in crypto, a move that could potentially influence broader market dynamics as the company nears its specific supply objective.
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