The post Tom Lee’s BitMine Adds $44M in Ethereum to Its Wallet appeared first on Coinpedia Fintech News
Tom Lee’s Fundstrat-backed BitMine Immersion Technologies has increased its Ethereum holdings by purchasing 14,618 ETH valued at about $44.34 million. This latest addition continues BitMine’s steady accumulation strategy as it aims to hold 5% of Ethereum’s total supply. BitMine now holds nearly 3.6 million ETH, worth over $11 billion, reflecting Tom Lee’s bullish outlook on Ethereum’s long-term growth. The company’s strategy includes staking ETH and reinvesting rewards to strengthen their position amid a recovering crypto market.