ETH took a significant hit, falling around 60% from its 2025 peak. But then something interesting happened. Bitmine bought 45,759 ETH for $91m, which lifted their staked holdings to 3.04m. This move was made by Bitmine Immersion Technologies, a company led by Tom Lee. They purchased 45,759 Ethereum tokens, valued at approximately $91 million, during a particularly tough time in the market, according to reports. This transaction is notable, especially considering the current state of the market. Bitmine Immersion Technologies, under Tom Lee’s leadership, has now increased its stake in Ethereum. The purchase of 45,759 ETH for $91m is a significant one, and it brings their total staked holdings to 3.04m. It’s worth noting that this move was made during a market downturn, which makes it all the more interesting. The fact that Bitmine Immersion Technologies is led by Tom Lee adds another layer to this story. With this purchase, the company has shown its commitment to Ethereum, even in uncertain times. The details of the transaction are clear: 45,759 ETH were bought for $91m, resulting in a significant increase in staked holdings. This development is certainly worth keeping an eye on, especially for those interested in the Ethereum market.
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