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BitMine Buys Another 7,500 ETH Amid Spot ETF Inflows and Falling Price

Guavy AI Editorial Team
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BitMine has made another significant purchase of Ethereum (ETH), buying 7,500 ETH worth approximately $14.61 million.

This addition to its growing Ethereum reserve comes as spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of $9.31 million on July 27.

The latest buyup has kept market attention on Ethereum despite the asset's price falling 3.88% over the last 24 hours, currently trading at $1,882.15.

BitMine, led by Tom Lee, is known for its large-scale ETH purchases and now holds more than 4.8% of Ethereum's total supply.

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