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Promote with Leviathan News"Led by crypto bull and Fundstrat CIO Tom Lee, BitMine Immersion Technologies burst onto the scene at the end of July when the firm detailed plans for an Ethereum treasury. Formerly focused on Bitcoin mining, BitMine (BMNR) first secured a $250 million private investment in public equity (PIPE) fundraising round to begin its ETH purchases. Since that time, it hasn’t looked back, acquiring 3,967,210 ETH, worth around $11.8 billion worth as of this writing. The pile has grown so large at BitMine that the firm now ranks as the second-largest crypto treasury of any kind, trailing only Bitcoin behemoth Strategy (formerly MicroStrategy) with its $59 billion stash."
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