Formula News Founder Buys $2M in Ethereum at $2,281

Vida, the founder of Formula News, announced on social media that she has purchased $2 million worth of Ethereum at an average price of $2,281. She also revealed plans to hold this position until the start of the workweek on Monday. Additionally, Vida has set aside $20 million in reserve to potentially buy more Ethereum if prices dip. She expressed confidence that the cryptocurrency market will rebound following stabilization in the precious metals market.