BitMine Immersion Reports 3.97 Million ETH Holdings

BitMine Immersion has reported that its ether (ETH) holdings have increased to 3.97 million tokens, representing more than 3.2% of the total ETH supply, with combined crypto assets, cash, and investments valued at $13.3 billion as of December 14. According to a company statement cited by Wu Blockchain, the total includes a recent purchase of 102,259 ETH worth $321.1 million. Blockchain analytics firm Lookonchain, which has tracked the entity it associates with market strategist Tom Lee, has also reported ongoing accumulation of ETH by the firm.