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Alexander Zdravkov

BitMine Acquires 7,660 ETH Worth $29M from Galaxy Digital

Blockchain infrastructure firm BitMine has acquired 7,660 ETH valued at approximately $29 million from Galaxy Digital, marking renewed institutional accumulation in Ethereum. The purchase arrived in two separate transfers to BitMine's primary address, adding to the firm's previous ETH purchases exceeding $820 million. The move contrasts with declining retail sentiment, as prediction markets now show only 34% confidence that ETH will reach $5,000 by year-end.
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