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Tom Lee’s Bitmine Keeps Buying Ethereum, Treasury Nears 5.8 Million ETH


Tom Lee’s Bitmine Keeps Buying Ethereum, Treasury Nears 5.8 Million ETH

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Tom Lee-chaired Bitmine Immersion Technologies added nearly 10,000 ETH to its Ethereum treasury over the past week, a slightly larger weekly purchase than the prior week. The accumulation continues institutional crypto buying but is far smaller than the aggressive June acquisition of over 52,000 ETH, signaling scaled ongoing treasury diversification with potential market impact.

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The Tom Lee-chaired Bitmine Immersion Technologies continues to expand its Ethereum treasury, adding almost 10,000 ETH over the past week.

This purchase was slightly larger than the one from the previous week, but it’s still significantly lower than many completed just a month ago. Recall that the former BTC miner bought over 52,000 ETH in June.

Read the article at CryptoPotato

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In This News

Coins

$ 77.03K

+0.84%

$ 2.45K

+1.23%

$ 0.00166


Funds

Predictions Markets

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View analytics →
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