Tom Lee’s BitMine Buys the Dip Amid ‘Superficial’ Crypto Selloff, Adding $214M in Ethereum – Decrypt

Jun 8, 2026 - 16:30
Tom Lee’s BitMine Buys the Dip Amid ‘Superficial’ Crypto Selloff, Adding $214M in Ethereum – Decrypt
Leading Ethereum treasury firm BitMine Immersion Technologies made its largest ETH-denominated purchase of 2026 last week, adding 126,971 ETH or around $214 million worth of the second-largest cryptocurrency by market cap. The firm’s major acquisition comes amid what the firm sees as a “strengthening case” for Ethereum following the AI-assisted discovery of a vulnerability in...

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