Tom Lee buys Ethereum dip pushing BitMine’s holdings to 3% of entire token supply

Tom Lee is buying the dip on Ethereum as its price keeps falling. On Monday, BitMine Immersion, the Bitcoin miner turned treasury company, announced it had scooped up another $200 million worth of Ethereum, bringing its total Ethereum holdings back to over $10 billion. That’s equivalent to 3% of the entire Ethereum token supply, and over half way towards the firm’s 5% goal. “A few weeks ago, we noted the likely downside for ETH prices would be around $2,500 and current ETH prices are basically there,” B ...