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BitMine Adds ETH to Treasury

BitMine Immersion Technologies has increased its holdings of 12,535 ETH, bringing its total to 6,041,481 tokens, which is 4.9% of the total ETH supply. The company's crypto, cash, and equity holdings decreased to $15.1 billion, primarily due to a drop in Ethereum prices. Chairman Tom Lee highlighted macroeconomic concerns, including a selloff in AI stocks and geopolitical tensions, affecting investor risk appetite and the crypto market.

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