Tom Lee’s BitMine Immersion expanded its ETH holdings by 208,137 to 833,137 ETH, exceeding $3 billion, launching a $1B buyback, and positioning itself as the largest corporate Ethereum holder and fourth among global crypto treasuries.
BitMine Immersion Technologies, chaired by Tom Lee, added 208,137 ETH, boosting its total to 833,137 ETH valued at over $3 billion. The acquisition coincided with a 5.8% surge in ETH price, peaking at $3,730 before settling at $3,654. Backed by investors like Bill Miller III, Stanley Druckenmiller, and Cathie Wood, the firm also announced a $1B stock buyback, cementing its top position in corporate Ethereum holdings while ranking fourth among global crypto treasuries. Tom Lee forecasts a strong August rally amid favorable macro conditions.