Reported 2 days ago
BitMine Immersion Technologies, led by Thomas Lee, has purchased over 200,000 ether tokens worth approximately $800 million, bringing its total ETH holdings to 3.24 million tokens valued at over $13 billion. This recent acquisition is part of an ongoing buying strategy, with the company having invested about $1.6 billion in ETH over the last two weeks amid market fluctuations. BitMine also holds substantial assets in cash, bitcoin, and equity, while its stock value increased by 8% as crypto prices rebounded.
Source: YAHOO