BitMine Invests $5.68 Billion in Ethereum, Driving Market Rally

BitMine Immersion Technology’s Ethereum holdings have soared past $5.68 billion after aggressively acquiring 1.3 million ETH in just 35 days. Chairman Tom Lee aims to expand this investment program to a staggering $24.5 billion, potentially reshaping market dynamics and institutional strategies. BitMine’s bold move has sparked significant attention from investors and regulatory bodies. This massive stake highlights the growing interest of corporations in Ethereum as a strategic asset for treasury management.