Will a public company become one of the largest holders of Ethereum? 👀
#BitMine The company
#ImmersionTechnologies , led by Tom Lee of Fundstrat, has invested an additional $117 million to acquire 40,302
#Ethereum .
As a result, the company's total holdings now amount to 4.24 million
#ETH (, approximately 3.5% of the circulating supply), valued at around $12.3 billion at current prices.
The company still holds hundreds of millions of dollars in cash to continue purchasing, and half of its Ethereum holdings are already staked and generating yields.
This is not just another step in corporate