Bitmine Scoops Up 71,672 ETH Below $2,200 on Recent Pullback

According to Bitmine Immersion Technologies chairman Tom Lee, the crypto treasury company acquired 71,672 Ether on Monday when the asset dipped below $2,200. The company holds over 5.2 million ETH and aims to reach 5% of the token's 120.7 million circulating supply, requiring approximately 756,538 more Ether to hit its 6 million target.

Blockchain analytics platform Lookonchain reported that a long-term Ethereum whale who sold holdings a year ago has resumed buying, purchasing 1,951 ETH at $2,182 over the weekend, suggesting potential continued accumulation.