Tom Lee's Bitmine Buys 10,399 ETH For $19.1 Million: Why Is BMNR Not Rallying?
Bitmine buys 10,399 ETH as Ethereum posts its strongest Nasdaq outperformance in a year and BMNR tests $17.50 resistance.
A company called Bitmine bought a big pile of Ethereum (a digital money), which is a bet that Ethereum will do well. When smart investors put big money into something, it's worth noticing—but it doesn't mean the price has to go up right away.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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