Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of Ether

The company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens.

BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued its splurge, buying 102,259 in ether 

ETH

$2,957.17

 through last week, worth roughly $320 million at recent prices.

The latest acquisition, reported on Monday, brought the firm's stash to nearly 4 million tokens, aiming to corner 5% of ether's supply. The company kept its cash holdings steady at $1 billion, while its total holdings — including a minor bitcoin 

BTC

$88,025.23

 stack and stake in Worldcoin-focused digital asset treasury Eightco (ORBS) — stood at $13.2 billion.