Tom Lee's BitMine Immersion Acquires Additional $300M in Ether, Bringing Holdings to $13.7B

Core Insights - BitMine Immersion Technologies (BMNR) acquired 82,353 ether (ETH) for approximately $306 million, increasing its total holdings to 3.4 million tokens [1] - The company's unencumbered cash holdings rose to $389 million from $305 million a week prior, with a total asset value of $13.7 billion, including a $62 million position in Eightco Holdings and 192 bitcoins [2] - BMNR aims to acquire 5% of the total ETH supply, currently holding 2.8% valued at around $13.3 billion [2] - The acquisition occurred amidst a broader decline in digital asset prices, with many treasuries struggling to maintain their asset values [3]