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BitMine Immersion Buys $2B in Ether, Aiming for 5% Supply Control

2025-07-25 13:56:17

BitMine Immersion Buys $2B in Ether, Aiming for 5% Supply Control

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Description

Bitcoin mining firm BitMine Immersion Technologies has made waves in the crypto markets, purchasing over $2 billion worth of Ether within just 16 days, making it the largest corporate holder of ETH among newly formed Ether treasury companies. In a statement on Thursday, BitMine revealed it had acquired 566,776 Ether, valued at over $2.03 billion, as part of its aggressive treasury strategy. Tom Lee, managing partner at FundStrat and chairman of the company, confirmed that the firm is “well on ou...

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