tldr; BitMine Immersion Technologies, led by Chairman Tom Lee, has added 102,259 ETH worth $320 million to its Ethereum treasury, now holding over $12.4 billion in ETH. The firm continues aggressive ETH acquisitions, believing prices have bottomed for the year. BitMine is also developing a staking solution, MAVAN, to generate yield from its holdings, potentially earning $400 million annually. Despite these moves, BMNR shares have dropped nearly 80% since June, and ETH prices remain volatile.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; BitMine Immersion Technologies, led by Chairman Tom Lee, has added 102,259 ETH worth $320 million to its Ethereum treasury, now holding over $12.4 billion in ETH. The firm continues aggressive ETH acquisitions, believing prices have bottomed for the year. BitMine is also developing a staking solution, MAVAN, to generate yield from its holdings, potentially earning $400 million annually. Despite these moves, BMNR shares have dropped nearly 80% since June, and ETH prices remain volatile.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.