Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Take advantage of the ETH price drop, Tom Lee's Bitmine has acquired an additional 54,156 ETH (~$173M) last week, bringing the total holdings to 3,559,879 ETH (~$11.3B).



Even after purchasing additional ETH and adding $209M cash to the reserve. The company's total assets still decreased by $1.4B compared to the previous week due to the sharp drop in ETH prices.

Tom Lee: "Crypto has not yet recovered after the crash on October 11. Some market makers are under capital pressure, forcing them to reduce liquidity supply, which drags prices down. This effect lasted 6-8 weeks in 2022 and may be similar this year."
ETH4.23%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)