BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset.
Summary
- BitMine acquired 28,086 ETH last week, lifting its holdings to 5,929,198 tokens.
- The company now owns 4.9% of Ethereum’s estimated 122 million-token supply.
- More than 5.06 million ETH is staked, with projected annual revenue of $330 million.
- Tom Lee cited U.S. crypto legislation, tokenization, and blockchain-based AI as possible market catalysts.
BitMine’s Ethereum treasury has reached 5.93 million ETH
BitMine said in a Sep. 8 treasury update that it held…
