BitMine Invests $19.8 Million in Ethereum, Positioning for Potential Rebound

Immersion Technologies, BitMine’s parent company, has made a significant investment in Ethereum by acquiring over 7,000 ETH. This brings their holdings to over 3.7 million ETH, representing more than 3% of the circulating supply. The recent purchases follow a pattern of aggressive buying seen since November, driven by optimistic long-term projections for the price.