Tom Lee’s BitMine Buys $429 Million in Ethereum as ETH Rebounds

BitMine Immersion Technologies, the top Ethereum treasury company ranked by holdings, announced that it purchased 138,452 ETH last week, or about $429 million worth based on the current price of the second-largest cryptocurrency by market cap. That brings the company’s ETH holdings to 3.864 million, or about $12 billion worth, along with 193 Bitcoin ($17.3 million worth) and $1 billion in cash. It’s the company’s largest Ethereum purchase in nearly two months, since buying over 200,000 ETH in a purchase ann ...