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BitMine appears to buy the dip as ETH is down 20% from peak

Cointelegraph By Martin Young
October 16, 2025
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BitMine appears to buy the dip as ETH is down 20% from peak
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BitMine appears to buy the dip as ETH is down 20% from peak

Onchain data suggests that BitMine acquired 104,336 ETH, worth approximately $417 million, on Thursday, as prices fell 20% from their August highs, bringing its treasury to over 2.5% of the total supply.

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