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BitMine Immersion Technologies Becomes Fourth Largest Crypto Treasury Firm with Over $3 Billion in Ether

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by Giorgi Kostiuk

an hour ago

BitMine Immersion Technologies has rapidly amassed over $3 billion in Ether, becoming the fourth-largest crypto treasury firm.

BitMine Immersion Technologies' Success

Chairman Tom Lee of Fundstrat led BitMine to accumulate over $3 billion in Ether in just 35 days after launching its strategy. The firm recently added 208,137 ETH, bringing its total holdings to 833,137 ETH.

Support from Institutional Investors

BitMine's growth is bolstered by heavyweights such as billionaire investors Bill Miller III and Stanley Druckenmiller, along with ARK Invest's CEO Cathie Wood, further enhancing confidence in Ethereum as a strategic asset.

Ethereum Market and Future Predictions

With Ether's recent 5.8% price surge, there is renewed institutional interest in Ethereum. Tom Lee expressed optimism that upcoming adjustments in U.S. monetary policy may positively impact crypto assets.

BitMine's aggressive accumulation strategy is reshaping the treasury landscape while signaling growing institutional conviction in Ethereum.

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