BitMine accumulates $1.5B in Ether since crash despite Lee’s treasury bubble fears

BitMine Immersion Technologies has accumulated 379,271 Ether (ETH), valued at nearly $1.5 billion, through three purchases following the recent crypto market crash. This accumulation occurred despite Fundstrat's Tom Lee suggesting that the digital asset treasury (DAT) bubble might have burst, noting that many DATs are trading below their net asset value (NAV). BitMine, already the world's largest Ether treasury company with over 3 million ETH, is aggressively pursuing its goal of holding 5% of the total ETH supply. Lee remains bullish on Ether, predicting it could eventually surpass Bitcoin, and believes the current market downturn is a temporary setback, not the end of the crypto cycle.

(Source：Cointelegraph)