BitMine Adds $321 M in Ethereum Amid Rebound — Holdings Surpass $13.8 B, Tied to Tom Lee Strategy
BitMine Immersion has acquired approximately $321 million worth of Ethereum (ETH), bringing its total ETH holdings to around 3.313 million ETH, valued at about $13.8 billion.
The move aligns with their treasury strategy led by Tom Lee, which views Ethereum as a core asset in the transition toward institutional crypto adoption.
This acquisition comes at a time when Ethereum is rebounding, enhancing BitMine’s narrative as a gateway for traditional investors seeking crypto exposure via a publicly traded vehicle.