Ethereum Whale Alert: $5B Treasury Buy Sparks Massive Rally

Benzinga

The world’s largest Ethereum treasury just got even bigger — and it only took 7 days.  Bitmine Immersion Technologies has been buying ETH at lightning speed, riding Ethereum’s surge past $4,000 and hitting $4,300 over the weekend. According to Benzinga, Bitmine now holds $4.96 billion worth of ETH — up from $2.9 billion just a week ago.  With Funstrat’s Tom Lee now chairman, the company is chasing 5% of Ethereum’s total supply and leading crypto treasuries in speed and liquidity. Bitmine stock is already up 13% today after a 25% rally Friday.

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00:00The world's largest Ethereum treasury just got even bigger, and it happened in only seven days.

00:06Bitmine Immersion Technologies has been stacking ETH at lightning speed,

00:10fueled by Ethereum's surge past $4,000 and even hitting $4,300 over the weekend.

00:15According to Benzinga Pro, Bitmine now holds 1.15 million ETH, worth $4.96 billion,

00:22up from $2.9 billion just a week ago.

00:25Fundstrat's Tom Lee, now chairman of the board, says they're chasing the alchemy of 5% of Ethereum's total supply,

00:32and their leading crypto treasury peers in both speed and liquidity.

00:36Bitmine Immersion Technologies stock is already up over 13% today, after rallying nearly 25% on Friday.

00:43If they keep buying ETH this fast, how high do you think the price and the stock could go?

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