Tom Lee’s Bitmine Buys 53,501 ETH as Ethereum’s Price Fights for $2,500

Bitmine Immersion Technologies, led by Tom Lee, bought 53,501 ETH on Monday, raising its treasury to 5.90 million ETH, nearing 5% of circulating supply. The purchase comes as Ethereum's price fights for $2,500 amid a strong August comeback. The Connecticut firm's holdings are now a major force in the market.