BitMine Immersion Technologies is putting its money where its mouth is. In a powerful endorsement of Ethereum, the firm, led by prominent analyst Tom Lee, has added a whopping $417 million to its ETH treasury.
This strategic purchase during a market lull aligns with Lee’s public stance that Wall Street and government entities will favor Ethereum as a “truly neutral chain” for future blockchain applications.
The 104,336 ETH acquisition, though unconfirmed by the company, was spotted via on-chain analysis and directly supports BitMine’s mission to accumulate 5% of Ethereum’s supply.
This latest buy strengthens its position as the largest ETH treasury globally and demonstrates a firm conviction in Ethereum’s growing role in the architecture of future financial markets.
