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Bitmine Bets Big on Ethereum, Eyeing Oil Prices
Published 1 week ago
Description
Bitmines recent acquisition of 71,672 ETH, a substantial increase from previous purchases, signals their continued bullish stance on the digital asset. The companys CEO, Lee, attributes Ethereums recent struggles to the inverse relationship with oil prices and predicts a rebound once oil prices drop. This strategic move places Bitmine among a select few firms actively buying crypto during the current market dip.
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