Tom Lee’s BitMine Immersion Expands Crypto Treasury Holdings, Now Owns $13,236,220,005 Worth of Ethereum
An Ethereum treasury firm run by Fundstrat’s Tom Lee accumulated an additional 179,251 ETH in the past week. BitMine Immersion Technologies, the largest Ethereum treasury firm in the world, now holds a total of 2,830,151 ETH worth more than $13.23 billion at time of writing. BitMine also holds 192 Bitcoin (BTC), $456 million in unencumbered cash and a $113 million stake in the crypto treasury company Eightco Holdings (ORBS), which represents one of the firm’s “moonshots,” an investment strategy designed to support projects in the Ethereum ecosystem. Eightco Holdings announced last month that it planned to raise approximately $270 million to fund a treasury strategy focused on Sam Altman’s Worldcoin (WLD), an Ethereum-based crypto asset. BitMine currently owns more than 2.3% of the total ETH supply, and Lee notes the firm aims to reach “the alchemy of 5%.” “The BitMine team sat down with Ethereum core developers and key ecosystem players and it ...