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Bitmine Adds $145 Million of ETH, On-Chain Analysts Say

According to on-chain analysts (blockchain transaction trackers), Tom Lee’s Bitmine made another Ethereum purchase valued at $145 million.

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Terms & Concepts
  • ETH: The native token of Ethereum, used for network fees, transactions, and blockchain-based applications.
  • On-chain analysts: Researchers who study public blockchain data to track wallet activity, transfers, and market behavior.
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.