Bitmine Boosts Ether Holdings, Citing End of Crypto Winter

Bitmine Immersion Technologies has increased its Ether holdings to over 4.6 million tokens after purchasing 65,341 ETH worth $139 million. Chairman Tom Lee believes Ether's mini-crypto winter may be ending, citing progress on the CLARITY Act and Ether's resilience during geopolitical stress. The company's total Ether position now equals about 3.86% of the circulating supply, with a goal of accumulating 5%. Over 3 million of its Ether is staked within Ethereum's proof-of-stake system.