Tom Lee's Bitmine Buys $14M in Ethereum as Cash Falls to $104M - Decrypt

In brief

Bitmine bought 7,391 ETH over the past week, down from 10,399 the week before, taking holdings to 5,805,238 ETH.

Total crypto, cash and "moonshot" holdings reached $11.6 billion, up from $11.3 billion.

Cash and marketable securities fell to $104 million, from $482 million a month ago.

Ethereum treasury company Bitmine Immersion Technologies said Monday it bought 7,391 ETH over the past week, worth about $14 million, taking its holdings to 5,805,238 ETH as of Friday evening. The company bought 10,399 ETH the week before.Total crypto, cash and what the firm calls "moonshot" investments came to $11.6 billion, up from $11.3 billion. Most of that gain came from price, with ETH up 2.6% over the week to $1,928, adding around $280 million to the value of a stack that grew by $14 million in purchases.