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BitMine Acquires $29M in Ethereum, Boosting Market Position with Institutional Confidence
ByAinvest
Saturday, Nov 1, 2025 10:20 am ET1min read
BitMine Immersion Technologies has acquired $29 million in Ethereum, boosting its holdings and solidifying its position as a leading public ETH treasury. This move follows institutional interest in Ethereum despite retail traders being cautious, with Kalshi traders reducing the probability of Ethereum reaching $5,000 by year-end to 34%. Key influencer Tom Lee supports increased Ethereum adoption, calling it the "ChatGPT moment" for crypto.
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