Ether (ETH) maintained its position above $4,000 on October 28, bolstered by significant activity from BitMine Immersion Technologies. The company withdrew approximately $113 million worth of ETH from BitGo, characterizing the move as 'buying the dip.'
In a press release dated October 27, BitMine disclosed its total assets, including crypto, cash, and speculative investments, amounting to $14.2 billion. This includes 3,313,069 ETH and $305 million in unencumbered cash. BitMine claims to hold the largest ether treasury and has set a goal to control 5% of the total ether supply.
Ether Steadies Above $4,000 as BitMine Withdraws $113M in ETH
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