Arthur Hayes ‘Had To Buy It All Back’ A Week After Selling $8.3 Million In Ether
Main Idea
BitMEX co-founder Arthur Hayes repurchased Ethereum shortly after selling it, and traditional finance is increasingly investing in Ethereum, following a trend similar to Bitcoin accumulation strategies.
Key Points
1. Arthur Hayes sold 2,373 ETH worth $8.32 million when ETH was around $3,500, then repurchased ETH with $10.5 million in USDC when ETH was around $4,200.
2. Hayes humorously pledged 'I pinky swear, I’ll never take profit again' after repurchasing ETH.
3. Traditional finance is adopting Ethereum accumulation strategies, similar to Michael Saylor’s Bitcoin-focused approach.
4. BitMine Immersion has acquired over $3 billion in ETH, becoming the world’s largest public holder of Ethereum.
5. Other companies like SharpLink Gaming and The Ether Machine are also building Ethereum treasuries and staking tokens for rewards.
Description
Just days after warning of a major price drawdown, BitMEX co-founder Arthur Hayes seems to have changed his tune.
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