Tom Lee’s Fundstrat-backed BitMine Immersion Technologies has increased its Ethereum holdings by purchasing 14,618 ETH worth approximately $44.34 million. This latest addition continues BitMine’s steady accumulation strategy as it aims to retain 5% of Ethereum’s total supply. BitMine now owns nearly 3.6 million ETH, worth more than $11 billion, reflecting Tom Lee’s optimistic view of Ethereum’s long-term growth. The company’s strategy involves staking ETH and reinvesting rewards to strengthen their position amid a recovering crypto market.
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