Update
Bitmine Adds More Ethereum to Treasury
Bitmine Immersion Technologies, the NYSE-listed company, added 8,573 ETH worth approximately $19 million to its treasury, bringing its total holdings to 6,060,506 ETH. This represents 4.9% of Ethereum's 122.2 million token supply. Chairman Tom Lee highlighted the market's relatively muted reaction to the record Binance hack, attributing it to Binance's ability to cover all customer losses and swift industry action. Lee also noted that the Binance hack was a corporate infiltration rather than a blockchain flaw, which he saw as a sign of a crypto bull market.