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BitMine Expands ETH Holdings Despite $6.5B Unrealized Losses
BitMine Immersion Technologies has expanded its Ether holdings for the second consecutive week, adding 101,901 ETH and bringing its total to roughly 5.08 million ETH. The company’s combined crypto and cash reserves now stand at about $13.3 billion. The latest purchase follows a 101,627 ETH accumulation a week earlier, marking one of the company’s most aggressive buying phases since December. The strategy reflects continued conviction in Ether despite recent market volatility. BitMine, backed by Fundstrat’s Tom Lee, is positioning itself as a large-scale Ether treasury player, similar to bitcoin-focused balance ... (full story)
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