Bitmine Immersion Technologies purchased 9,587 ETH in the week ending 8 November, bringing its Ethereum holdings to 6,070,092 coins, or 4.97% of the total supply. This is close to their target of 5%, after which they plan to stop steady buying. The ETH holdings are valued at about $13.6 billion at $2,234 per coin, with most staked to generate annual rewards. Bitmine's strategy reflects confidence in ETH as a store of value, supported by Ethereum founder Vitalik Buterin's recent remarks. Investors should watch if Bitmine completes its 5% target or changes strategy in upcoming reports.
Tom Lee’s Bitmine buying activity in Ethereum provides context for crypto market trends. For readers following major cryptocurrencies on Pluang, 32 of 50 rose and 17 fell today. Notable movers include EOS at Rp12,649 with an 8.13% increase, BAT at Rp2,358 up 6.39%, and AVAX at Rp155,590 up 5.09%, as of Nov 10, 2026 02:41 WIB.
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