Tom Lees BitMine Adds Another $42 Million in Ethereum Despite Crypto Winter

BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.

On February 7, blockchain analysis platform Lookonchain reported the transaction, citing data from Arkham Intelligence. The firm acquired approximately 20,000 ETH for a total capital outlay of $41.98 million.

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BitMine Chair Defends Aggressive Buying Amid Crash

Notably, this latest tranche moves the firm significantly closer to its…