Ether-stacking BitMine crosses $3B milestone as ETH rallies 6%
ETH rallied nearly 6% on Monday after BitMine disclosed a major purchase, raising the total value of its Ether holdings to more than $3 billion.
Tom Lee’s BitMine Immersion Technologies added another 208,137 Ether (ETH) to its crypto treasury over the last week, pushing the value of its holdings to over $3 billion as Ether’s price surged on Monday.
The latest buy pushed BitMine’s total holdings to 833,137 ETH, according to a statement on Monday, as it widens its lead over the second-largest Ether treasury firm, SharpLink Gaming.
ETH rose 5.8% from its lowest to highest 24-hour price point of $3,730 on Monday but has since fallen back to $3,654, CoinGecko data shows.
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