Bitmine adds 127,000 ether, bringing treasury to 5.54 million ETH as Tom Lee calls crypto selloff ‘superficial’ (opens original article in a new tab)

Bitmine added 127,000 ether, increasing its treasury to 5.54 million ETH, as CEO Tom Lee attributed the purchase to a perceived market selloff and strong Ethereum fundamentals. The company's staked ETH reached $7.7 billion, with projected annual staking revenues of $230 million.

• Bitmine added 126,971 ether, increasing its treasury to 5,543,872 ETH.
• Tom Lee stated the increased purchases were due to Ethereum's price weakness not reflecting its fundamentals.
• Bitmine's staked ETH totaled 4,718,677 ETH, valued at $7.7 billion as of June 7.