Home BlockchainEthereum Price, BitMine Shares Jump as Tom Lee's Treasury Reports Latest Buy

Ethereum Price, BitMine Shares Jump as Tom Lee's Treasury Reports Latest Buy

by Decrypt
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Ethereum Price, BitMine Shares Jump as Tom Lee's Treasury Reports Latest Buy

In brief

  • BitMine added another $103 million in Ethereum last week.
  • The firm now holds 3.71% of the entire circulating supply, though its unrealized losses sit near $7.7 billion.
  • Nevertheless, shares are up more than 8% on Monday as crypto begins to rebound.

Publicly traded Ethereum treasury BitMine Immersion Technologies added another 50,928 ETH or $103 million worth of Ethereum as the second-largest crypto asset continued its slide last week—though ETH is now surging as of Monday morning.

The latest…

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