BitMine Increased Ethereum Stock with 435 Million Dollars

BitMine Immersion Technologies Strengthens Its Ethereum Holdings

BitMine Immersion Technologies, one of the largest Ethereum treasury firms, purchased 138,452 Ethereum tokens last week, increasing its total holdings to 3.86 million ETH. This latest acquisition cost the firm approximately $435 million and was recorded as the largest weekly purchase in at least a month.

The company's President Thomas Lee stated that the Ethereum Fusaka upgrade and macroeconomic factors were among the reasons for accelerating the company's accumulation strategy.