Bitmine Boosts Holdings with $15 Billion ETH Purchase

Bitmine Immersion Technologies has made a significant purchase of Ethereum tokens, buying 27,180 ETH last week. This acquisition raises its total holdings to approximately 5.96 million ETH, worth nearly $15 billion.

The company has staked about 85% of its Ethereum, which is expected to generate potential annual staking revenue of $334 million.

Bitmine chairman Tom Lee highlighted the upcoming US Senate vote on the CLARITY Act and renewed Korean demand as key factors that could drive a crypto rally by year-end. Advisor Tom DeMark also expects Ethereum to resume an upward trend soon, supported by recent price stability and technical indicators.