Bitmine buys more ETH as Tom Lee links crypto dip to quarter-end selling

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Cryptocurrency investment firm Bitmine has made an additional Ethereum purchase worth $43 million, though it was the company's smallest acquisition since early May. Market strategist Tom Lee attributed the recent weakness in crypto prices to so-called 'window dressing' by investors. This practice involves portfolio managers selling underperforming assets before the close of a quarter to improve the appearance of their holdings. Lee suggested the selling pressure was tied to investors cutting losses ahead of the second half of the year. The combination of Bitmine's continued accumulation and Lee's commentary comes amid a broader period of softness in cryptocurrency markets.

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