In brief
- Bitcoin miner BitMine Immersion now holds $3 billion in Ethereum.
- The miner is now accumulating ETH and is the third largest public crypto treasury.
- BitMine Chairman and permabull Tom Lee believes Ethereum is a Wall Street favorite.
Bitcoin miner BitMine Immersion now has over $3 billion in Ethereum as the company races to stack the second biggest digital coin.
The Peter Thiel-backed company now holds 833,137 ETH it bought at an average price of $3,491.86 per coin—making it the largest corporate ETH treasury, it said in a Monday statement. It added that it now ranks as the third largest public crypto treasury in the world, behind only software company Strategy and miner Mara Blockchain, which both hold Bitcoin. Twenty…
