Bitmine Immersion Technologies, chaired by Tom Lee, acquired an additional 9,946 ETH over the past week, bringing its total holdings to 5,787,414 ETH, worth over $11 billion. The company has maintained an active accumulation strategy since launching its Ethereum Treasury Strategy on June 30, 2025. Over 85% of its ETH is staked through the MAVAN institutional platform, generating an annualized yield of 2.65% and projected annual revenue of approximately $254 million. Tom Lee remains bullish on Ethereum, identifying $2,000 and $2,500 as the main obstacles to a major recovery, as the cryptocurrency recently hit a near-$2,000 peak.
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