Bitmine adds $83.6 million in Ethereum as Tom Lee views price pullback as appealing entry point

On Monday, BitMine Immersion Technologies purchased $83.6 million worth of ETH, adding 40,000 ETH sourced from FalconX and BitGo to its Ethereum treasury. The firm now holds over 4.32 million ETH and is staking around 67% of its position, while Executive Chairman Tom Lee describes the current market pullback as an attractive phase within the company's long-term Ethereum accumulation strategy.