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Tom Lee’s BitMine Adds $44M in Ethereum to Its Wallet

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Credit : coinpedia.org

Tom Lee’s Fundstrat-backed BitMine Immersion Applied sciences has elevated its Ethereum holdings by buying 14,618 ETH value roughly $44.34 million. This newest addition continues BitMine’s regular accumulation technique because it goals to retain 5% of Ethereum’s complete provide. BitMine now owns almost 3.6 million ETH, value greater than $11 billion, reflecting Tom Lee’s optimistic view of Ethereum’s long-term development. The corporate’s technique includes staking ETH and reinvesting rewards to strengthen their place amid a recovering crypto market.

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