🚨 Tom Lee’s Bitmine Immersion Buys $82M in Ethereum, BMNR Stock Jumps

🔥 Highlights

📊 Bitmine Immersion adds 28,625 $ETH worth $82.11M

🚀 BMNR stock rises 5 percent as the firm keeps buying the dip

📉 ETH must reclaim $2,900 to regain bullish momentum

Bitmine Immersion, the largest Ethereum treasury firm backed by Tom Lee, has purchased another 28,625 ETH valued at over $82 million. On-chain data also shows the firm received 21,537 ETH from FalconX a day earlier, signaling continued accumulation during the market dip.

The company now holds 3.6 million ETH, nearly 3 percent of the total supply, and more than $12 billion in combined crypto and cash reserves. Tom Lee remains strongly bullish on both ETH and BTC.

📈 BMNR Stock Rebounds

BMNR shares jumped nearly 5 percent in premarket trading as Fed rate cut expectations strengthen and Ethereum buying accelerates. Institutional ownership surged from 10 million to 100 million shares in a month, according to Fintel.

📉 Will Ethereum Reclaim $2,900

ETH is trading around $2,793 with rising volume. Analysts note ETH failed to hold the $2,850 to $2,900 zone. If it cannot break above this range, a drop toward $2,500 remains possible.

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