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Bitmine acquires 128,718 ETH after the crash as institutions buy the dip

CryptoSlate•Sunday, October 12, 2025 at 3:00:41 PM
PositiveCryptocurrency
Bitmine acquires 128,718 ETH after the crash as institutions buy the dip
In a bold move following October's significant crypto market crash, Bitmine Immersion Technologies, led by Tom Lee, has acquired an impressive 128,718 ETH, valued at around $480 million. This acquisition highlights the growing trend of institutional investors seizing opportunities during market dips, signaling confidence in the long-term potential of cryptocurrencies. Such actions not only bolster Bitmine's already substantial Ethereum holdings but also reflect a broader shift in the market where savvy investors are looking to capitalize on lower prices.
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