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Bitmine buys $74M more ether as optimism grows over US crypto Clarity Act

Market News
06 Jul 2026
Coindesk
View Source
Bullish
Bitmine buys $74M more ether as optimism grows over US crypto Clarity Act

Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the proposed US Clarity Act will pass, providing clearer crypto regulations and benefiting Ethereum. This contrasts with Strategy's recent $216 million bitcoin sales amid market pressures. Bitmine's move highlights confidence in Ethereum's future as regulatory clarity could boost smart contract platforms and mainstream crypto adoption.

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