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CryptoProwl
Mon, March 23, 2026 astatine 8:42 AM CDT 1 min read
BitMine Immersion Technologies (NYSE: $BMNR) has purchased different 65,341 Ethereum (CRYPTO: $ETH) arsenic it bets that cryptocurrency prices are adjacent a bottom.
BitMine, tally by capitalist Tom Lee, has leaned heavy into the marketplace downturn successful integer assets and continued buying Ethereum arsenic the terms has slumped.
The latest acquisition by BitMine, worthy $138 cardinal U.S. lifted the company’s full holdings supra 4.66 cardinal ETH tokens, equivalent to 3.86% of Ethereum’s full supply.
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BitMine has accrued its gait of Ethereum buying for 3 consecutive weeks. The institution has a stated extremity to get and involvement 5% of the full Ethereum supply.
The accelerated gait of buying comes arsenic Lee says that helium believes the existent “crypto winter” is adjacent to coming to an end.
“ETH is successful the last stages of the 'mini-crypto winter,” helium precocious posted connected societal media.
BitMine is presently sitting connected an unrealized nonaccomplishment of $7 cardinal U.S. connected Its Ethereum holdings. BMNR banal has declined 33% this twelvemonth to commercialized astatine $20.94 U.S. per share.
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