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Bitmine Buys $43M of ETH; Tom Lee Cites Quarter-End Rebalancing

2026-06-30 09:30:38

Abstract generation in progress

Bitmine Immersion Technologies bought 27,084 ETH last week for about $43 million, raising its holdings to 5.7 million ETH. The company said the holding equals about 4.7% of Ethereum's circulating supply. Chairman Thomas Lee attributed recent crypto weakness to quarter-end window dressing.

ETH-0.36%

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