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Tom Lee's BitMine Adds More Ethereum as Strategy Takes a Break From Bitcoin Buying
Leading Ethereum treasury firm BitMine Immersion Technologies continued its buying spree, adding 71,179 ETH or around $146 million worth of ETH last week while Bitcoin behemoth Strategy stood down, ending its streak of weekly Bitcoin purchases.
BitMine’s addition brings its total haul to 4,732,082 ETH, now valued around $9.7 billion as ETH changes hands around $2,055. The firm also maintains 197 BTC worth approximately $13.2 million, alongside $961 million in cash.
“As the Iran war enters its 5th week, ETH and crypto outperformed the broader market,” said BitMine Chairman Tom Lee in a statement, highlighting the second-largest crypto asset’s gains...