Corporate crypto buying resumes as 'Strategy' and 'Bitmine' make large BTC and ETH purchases

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Corporate crypto buying resumes as 'Strategy' and 'Bitmine' make large BTC and ETH purchases

⚡ Markets: Renewed corporate buying of BTC and ETH provides price support and signals institutional interest. DeFi exploits on specific chains negatively impact their native tokens and user confidence.BTCETHCRO

Corporate entities are re-entering the cryptocurrency market, with 'Strategy' buying $370 million worth of Bitcoin, its first such purchase since June. 'Bitmine' also made a significant purchase of Ether. The renewed institutional interest comes alongside ongoing risks in the sector, as the Cronos blockchain was halted following a $75 million exploit on a DeFi protocol.

West MSM: noneFinancial press 10West Right 11 country

11 sources across the spectrum

Financial pressCointelegraph — Strategy buys $370M Bitcoin in first corporate purchase since June

Financial pressDecrypt — Strategy Buys $370M of Bitcoin in First Purchase Since June

Financial pressCointelegraph — Cronos halts network after Tectonic exploit involving estimated $75M

Financial pressCoinDesk — Bitmine makes largest ether purchase since June as Tom Lee points to crypto's strong Q3

Financial pressCoinDesk — Strategy returns to bitcoin buys, adding $370 million of BTC last week

Financial pressDecrypt — Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

Financial pressThe Block — Tom Lee says ether is 'best performing macro asset' as Bitmine adds 53,501 ETH

West RightZeroHedge — Strategy Buys $370M Of Bitcoin In First Purchase Since June

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