BitMine accumulates $1.5B in Ether since crash despite Lee’s treasury bubble fears
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BitMine Immersion Technologies has acquired $1.5 billion worth of Ether (ETH) since the recent market crash, totaling 379,271 ETH. Despite concerns from Fundstrat's Tom Lee about a potential end to digital asset treasury hype, he remains optimistic about Ether's future. BitMine, holding over 3 million ETH, aims for 5% of the total supply. Lee noted that many digital asset treasuries are trading below their net asset value, indicating a possible bubble burst. He believes the crypto market is at a low point and will recover, while gold continues to perform well.
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