BitMine increased its holdings by 1.075 million ETH in the past two months, while the price dropped by over 30% during the same period.
According to a report by Jinse Finance, data released by BitMine shows that its holdings were 2,650,900 ETH as of September 29. The latest data released today shows holdings of 3,726,499 ETH, meaning BitMine increased its holdings by 1,075,599 ETH within two months. However, during this period, the price of ETH dropped from $4,142 (the opening price in October) to $2,811, a decrease of 32%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A $5 billion single-product emerges? JPMorgan maintains a "Neutral" rating on Amgen (AMGN.US): A good drug doesn't necessarily mean a good buying opportunity.
Amgen's Imdelltra has maintained data with an HR of 0.42, nearly doubling survival time. Morgan Stanley estimates that it will become a single product with annual sales of around 5 billions USD. However, they maintain a Neutral rating and a target price of 350 USD.
Goldman Sachs: Yen Regains "Safe Haven King" Status, Becomes Most Effective Tool to Hedge Against AI Market Shocks
Goldman Sachs stated that the Japanese yen has become a better tool for hedging against AI shocks, with policy shifts reducing the risk of depreciation. The bank recommends shorting USD/JPY and EUR/JPY.
Crypto prices
More
