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BitMine Buys The Dip In Ethereum, Pushing Stake To 3% Of Supply
BitMine Immersion, the Bitcoin miner turned treasury company run by investor Tom Lee, is buying the dip in Ethereum as its price falls sharply. On Nov. 24, BitMine bought another $200 million U.S. worth of Ethereum, bringing its total holdings to more than $10 billion U.S, equivalent to 3% of the entire ETH token supply. The firm has a stated goal to own 5% of the entire supply of Ethereum. The buying comes after the crypto market experienced its biggest ever leverage wipeout, sending crypto prices plummeting. Ethereum's price has fallen 35% since Oct. 10, while Bitcoin (CRYPTO:$BTC) has dropped around 30%. Tom Lee, ... (full story)
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- Nov 25, 2025 10:12pm Posted byFundamental Analysis213
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