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BitMine adds 101K ETH as Tom Lee says crypto spring has commenced

BitMine adds 101K ETH as Tom Lee says crypto spring has commenced

Ethereum price today: $2,350

  • Ethereum treasury BitMine Immersion purchased 101,745 ETH last week, lifting its holdings to 5.18 million ETH.
  • Thomas Lee noted that crypto spring has commenced despite sustained bearish sentiment.
  • ETH is retesting the $2,388 key resistance, just above the 100-day EMA.

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) stepped up its accumulation of the top altcoin last week, acquiring 101,745 ETH.

The purchase has lifted the company’s holdings to 5.18 million ETH, establishing its position as the largest corporate ETH treasury.

The Las Vegas-based firm also staked an additional 661,168 ETH over the past week, bringing its total staked holdings to 4.36 million ETH and annualized staking revenue to…

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