Bitmine Immersion Technologies Accelerates Ethereum Accumulation, Chairman Tom Lee Declares “Mini Crypto Winter” Nearing End
Bitmine Immersion Technologies (NASDAQ: BMNR) made a significant move last week, acquiring a substantial 60,976 Ethereum (ETH) tokens, valued at approximately $120 million. This aggressive accumulation, announced on Monday via PR Newswire, signals a strong conviction from the company’s leadership, particularly Chairman Tom Lee, who believes the “mini crypto winter” is approaching its conclusion.
This latest purchase marks Bitmine’s largest single acquisition of Ethereum this year, significantly bolstering its digital asset portfolio. The company’s total ETH holdings now exceed 4.5 million tokens, with a market value surpassing $9 billion.
Despite a prevailing bearish sentiment across the broader cryptocurrency market, Bitmine has consistently adhered to a “buy the dip” strategy. While this approach has led to considerable unrealized losses—estimated by DropsTab to be as high as $7.8 billion on its Ethereum position—the company remains steadfast in its long-term vision.
Addressing market skepticism, Tom Lee, often referred to as the “Wall Street Oracle,” articulated Bitmine’s rationale for increasing its buying pace. Citing multiple market signals that suggest a “bottom is forming,” Lee confirmed the company’s decision to escalate its weekly ETH acquisitions beyond the recent average of 45,000 to 50,000 tokens. He stated:
“We firmly believe that cryptocurrency prices have entered the tail end or final stage of this ‘mini crypto winter’.”
“There’s an old saying on Wall Street: the market bottom is never signaled by a bell. Therefore, Bitmine’s strategy is to accelerate the accumulation of Ethereum.”
Beyond direct accumulation, Bitmine is also strategically leveraging its Ethereum holdings through staking. The company has already committed over 3 million ETH to staking protocols, which currently generates an impressive annual income of $174 million. Looking ahead, Bitmine projects that if all its current ETH holdings were to be staked, the estimated annualized revenue could reach a remarkable $259 million, highlighting a robust strategy for passive income generation and long-term value creation.
Tom Lee 向投資人喊話 ：別再糾結找「最低點」、現在就是「抄底時機」
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