BitMine’s ETH Buying Spree Collides With Fragile $3K Tag

Ether’s rebound through $3,000 has come with an unusual backdrop: a publicly traded “ETH treasury” buyer piling in while the token is still struggling to regain key resistance. Several reports point to BitMine Immersion — led by Fundstrat CIO Tom Lee — as the most visible bid. On-chain trackers cited by multiple outlets show BitMine adding to its Ether position in late December, including one purchase of 29,462 ETH worth about $88 million, following another buy of roughly 13,412 ETH valued around $40.6 million. One account also described a separate move to stake an additional $259 million in ETH,

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