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Harvey Hunter

BitMine Acquires 21,000 ETH Worth $60 Million Amid Market Downturn

BitMine Immersion Technologies purchased 21,000 ETH valued at $60 million, blockchain data show. The acquisition occurred as Ethereum traded near $2,962.26, with the firm now holding unrealized losses estimated at $4 billion following a 30% price decline over the past month. Despite adverse price movement, BitMine is transitioning from passive holding to active yield generation through staking operations.
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