BitMine Immersion, led by Tom Lee, expands its at-the-market stock offering for Ethereum purchases, aiming to boost holdings from 1% to 5% supply as ETH rallies past $4,600 amid record ETF inflows.
BitMine Immersion, under Tom Lee, has increased its at-the-market stock offering from $4.5B to $24.5B, allocating an extra $20B exclusively for ETH buys. Holding around 1.15M ETH (approximately $5B and 1% of total supply), the firm aims to climb to a 5% stake, fueling a 10% price surge that pushed ETH above $4,600 and extended its 70% YTD rally. Record ETH ETF inflows of $1B further bolster bullish market sentiment, with influencers predicting massive accumulation in the near term.