BitMine adds $90 million in ETH — Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms
CoinDesk
BitMine purchased $90 million in ETH last week, while Chairman Tom Lee compared current crypto sentiment to the lows of 2018 and 2022.Summary
BitMine Immersion Technologies (BMNR), the largest Ethereum treasury firm, acquired 45,759 ETH last week, marking its largest weekly purchase this year in token terms, increasing its total holdings to 4,371,497 ETH, equivalent to $8.7 billion, despite paper losses. Chairman Tom Lee noted that investor sentiment is extremely poor, comparable to the 2018 crypto winter and the November 2022 lows, though he distinguished the current period by the absence of major player collapses. Lee remains bullish on Ethereum's long-term utility, citing tokenization and AI integrations seen at Consensus Hong Kong, and stated that BitMine will continue buying ETH despite the current "mini-winter."
(Source：CoinDesk)