Bitmain Seizes the Dip, Purchases Over 60 Billion Yen in Ethereum

Bitmain Immersion Technologies, led by Tom Lee, added approximately 104,336 ETH (worth about $417 million) to its corporate assets on Thursday, as reported by LookOnChain. According to data from Arkham, the funds were transferred from two wallets at Kraken and BitGo across seven transactions to three new addresses.

As of October 13, Bitmain holds about 3.03 million ETH (worth approximately $11.7 billion), making it the largest holder of Ethereum. In terms of overall cryptocurrency holdings, it ranks second only to Michael Saylor's Strategy.