Bitmine Don Show Say Na $5.14B Ethereum Whale Wey Tom Lee Dey Lead
Blockchain analysis firm Arkham don identify di once anonymous Ethereum whale na Bitmine Immersion Technologies. Dis Ethereum whale get 1.17 million ETH weh worth $5.14 billion, an dis mek am di biggest Ethereum treasury for di world. Inside di last one hour alone, Bitmine add 28,650 ETH (about $130 million) to dia holdings. Dis confirm say di aggressive buying strategy go still continue.
Tom Lee, Bitmine chairman and old Wall Street strategist, highlight say Ethereum supply go short soon. E talk say institutional investors never still grab dis chance. Bitmine, weh dem first dey focus on Bitcoin mining, don switch to dey collect ETH. Under Lee leadership, di company dey plan to raise extra $20 billion for dia crypto treasury. Dis move na like di corporate crypto treasury trend weh MicroStrategy start wit dia Bitcoin buy for 2020. Big Ethereum whales like Bitmine comin fit make market things and price wahala intensify.
Bullish
Big-big padi wey one big company dey gather na usually sign say market go dey rise. Historically, wen company Treasury like MicroStrategy dey buy Bitcoin plenti, the price dem go shoot up. Bitmine wey buy 1.17 million ETH plus extra 28,650 ETH inside one hour show say demand strong as Ethereum supply dey tight. Tom Lee talk say supply shortage dey come show the market still dey bullish. Short time, big buy fit make price rise comot and volatility high as traders dey respond. Long term, as institutions keep dey use am and circulating supply reduce, price pressure go dey to push Ethereum price go higher.