BitMine acquires 10,000 ETH for $19.5M

Extreme fear returns as crypto majors slide despite Bitcoin holding above $67K

Tom Lee’s BitMine has made a significant purchase of 10,000 ETH for approximately $19.49 million, reflecting ongoing interest in the cryptocurrency. This acquisition aligns with a trend among prominent investors who are accumulating ETH as a core holding, driven by recent network enhancements and increasing institutional interest. Lee has been vocal about Ethereum’s growth potential, contributing to a positive outlook for the asset in the current marketplace.

Source

You might be interested in …

Bitcoin Treasury Company GD Culture May Sell BTC to Buy Back Shares

Crypto Desk March 2, 2026

Ripple CEO urges banks to engage in stablecoin yield negotiations

Ripple CEO Brad Garlinghouse announced that there are significant opportunities for banks to engage in partnerships with crypto firms, urging them to act in good faith as discussions over stablecoin yield negotiations progress. This comes […]

Crypto Desk March 4, 2026

Trump urges AI companies to seek PR help after data center backlash

Trump has advised AI companies that they need “PR help” in light of public backlash against their new data centers, which communities fear will lead to rising electricity bills and strain on regional power grids. […]

Bitcoin Dormancy, Coin Days Destroyed, and Long-Term Holder Behavior

Crypto Desk March 2, 2026

Santiment ranks top yield farming projects by development activity

Santiment’s Ecosystem Dev Activity Dashboard has identified the top 10 yield farming projects by development activity, with DeFiChain ($DFI) leading the rankings, followed by Aave ($AAVE) and yearn.finance ($YFI). The dashboard uses a methodology that […]