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In the past two days, BitMine spent $199 million to purchase 64,000 ETH during the market downturn.
On December 5, they bought 41,946 ETH for $1.307 million; on December 6, they bought 22,676 ETH for $686,700.
This contrarian investment behavior of bargain-hunting during a market decline essentially treats price corrections as price dislocation and high-risk, high-reward opportunities. In the past year, there have been several single purchases exceeding $100 million, such as a one-time purchase of $250 million worth of ETH in October.
Tom Lee has long been bullish on Ethereum, publicly predicting that ETH will reach $62,000 and Bitcoin will reach $250,000. #十二月行情展望