🔥 BREAKING: TOM LEE–LED BITMINE PURCHASES ANOTHER 14,959 ETH (~46M USD)
BitMine Immersion Technologies – the company backed by Tom Lee (Fundstrat) – continues to expand its Ethereum treasury by purchasing an additional 14,959 ETH, equivalent to about 46 million USD amid a volatile market. This is part of a large-scale accumulation activity by BitMine since the middle of this year. prnewswire.com
Currently, BitMine holds approximately 3,864,951 ETH, accounting for over 3.2% of the total circulating ETH supply and approaching its goal of controlling 5% of the supply in the future. prnewswire.com
Tom Lee has repeatedly emphasized that BitMine positions Ethereum not only as a store of value but also as a staking platform for long-term income – a model that large institutions are adopting instead of short-term trading. The regular buying during price corrections signals a strong confidence in the long-term prospects of ETH.
This move reinforces BitMine's position as the largest ETH treasury in the world at the enterprise level, surpassing most other funds or companies in the digital asset treasury space.
📈 Continuous accumulation and staking may contribute to reducing the available supply in the market while creating upward price support for Ethereum in the post-Merge era.
