Analysis: Ethereum treasury company BitMine received over 200,000 ETH during the recent market downturn
According to Jinse Finance, Arkham monitoring data shows that during the recent market downturn, "Ethereum MicroStrategy" BitMine received approximately 232,520 ETH, worth over $900 million, through various OTC and trading platforms (such as a certain exchange and FalconX). Previously disclosed information indicated that BitMine only purchased about 260,000 ETH throughout last week, but the recent market decline has accelerated the company's frequency of ETH purchases.
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