Bitmine Acquires 35,138 ETH for $58.65M as Ethereum Trades Below $1,700

Tom Lee’s Bitmine has purchased 35,138 ETH, worth around $58.65 million, from BitGo and Kraken over the past four hours.

The move comes as Ethereum remains below $1,700, trading near $1,669 and recording a 6.5% decline over the past week.