BitMine acquired $320 million worth of Ethereum.

Big Investment from BitMine

BitMine Immersion Technology (BMNR) purchased approximately 320 million dollars worth of 102,259 Ethereum (ETH) last week. With this transaction, the company's total Ethereum holdings have reached nearly 4 million tokens.

Unrealized Losses

The company has approximately 3 billion dollars in unrealized losses on its Ethereum investments. Despite these losses, it continues to boldly pursue its investment strategy.

Thomas Lee's Optimistic View

Thomas Lee, as the president of BitMine, is optimistic about the future of cryptocurrencies. He stated that positive regulations supporting the crypto market and backing from Wall Street are important reasons for the company to continue its Ethereum purchases.