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- Bitmine Immersion Technologies (BMNR) said Monday it bought 65,341 ether (ETH) last week, extending a recent surge in purchases as the firm continues to lean into the market downturn.
- The latest acquisition, worth roughly $138 million at current ETH prices, lifted the firm's total holdings above 4.66 million tokens, cornering 3.86% of ETH's circulating supply, according to a Monday update.
- Bitmine has now increased its pace of buying for three consecutive weeks, stepping up from a prior average of around 50,000 tokens per week.
- Meanwhile, the firm also increased its cash holdings to $1.1 billion.
- Chairman Thomas "Tom" Lee said the increase in buying pace reflects the firm’s view that crypto markets are nearing the end of a prolonged slump.
- "Our base case is ETH is in the final stages of the 'mini-crypto winter,' he said in a statement.
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Nguon tham khao: https://www.coindesk.com/business/2026/03/23/tom-lee-s-bitmine-extends-buying-streak-with-usd138-million-eth-purchase-betting-on-crypto-slump-ending