Tom Lee's Bitmine Continues to Aggressively Purchase Ethereum

On-chain cryptocurrency analysis firm Lookonchain reported on the 20th that Bitmine Immersion Technologies, the world's largest Ethereum (ETH) treasury company, has purchased an additional 35,000 ETH in the past 24 hours. The acquisitions were made through FalconX with 15,000 ETH and BitGo with 20,000 ETH, totaling approximately 10.6 billion yen. This latest purchase brings the company's total ETH holdings to 4,371,497 ETH. Related: Tom Lee responds to criticism regarding substantial unrealized losses on Bitmine's Ethereum holdings.