Tom Lee's BitMine Immersion Acquires Additional $300M in Ether, Bringing Holdings to $13.7B
CoinDesk
BitMine Immersion Technologies bought $306M in ETH, increasing its total holdings to 3.4 million tokens, valued at $13.7B overall.Summary
BitMine Immersion Technologies (BMNR), led by Thomas Lee of Fundstrat, acquired 82,353 Ether (ETH) last week for approximately $306 million, boosting its total ETH holdings to 3.4 million tokens. This accumulation brings BitMine’s share of the total ETH supply to 2.8%, moving closer to its long-term goal of acquiring 5% of the supply. The combined value of BitMine’s crypto, cash (now $389 million), and equity stakes totals $13.7 billion. This acquisition occurred while many other digital asset treasuries struggled amid falling crypto prices.
(Source：CoinDesk)