Crypto’s ‘Best Days Are Ahead’: Tom Lee’s Bitmine Immersion Adds $320M of Ether
BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued its splurge, buying 102,259 in ether through last week, worth roughly $320 million at recent prices.
The latest acquisition, reported on Monday, brought the firm’s stash to nearly 4 million tokens, aiming to corner 5% of ether’s supply. The company kept its cash holdings steady at $1 billion, while its total holdings — including a minor bitcoin stack and stake in Worldcoin-focused digital asset treasury Eightco (ORBS) — stood at $13.2 billion.
Most digital asset treasuries have slowed or reversed accumulation as token prices and equity valuations came under pressure in in the past months. There’s only a few exceptions such…
