Bitmine Immersion Technologies has purchased 27,180 Ethereum over the past week, lifting its holdings to 5.96 million ETH as chairman Tom Lee points to U.S. legislation and institutional demand as possible drivers of a year-end crypto rally.
Summary
- Bitmine acquired 27,180 ETH, bringing its treasury to 5,956,378 ETH.
- The company now holds about 4.9% of Ethereum’s 122 million-token supply.
- Bitmine has staked 5.07 million ETH, equal to roughly 85% of its holdings.
- Tom Lee named the coming CLARITY Act vote and returning Korean demand as possible market catalysts.
- Bitmine adviser Tom DeMark expects ETH to make a sharp upward move in the coming weeks.
