Bitmine buys additional $36M worth of Ethereum amid persistent crash. Why is Tom Lee still doing this?

Bitmine Immersion Technologies (NYSE American: BMNR) has spent about $35.92 million on another 20,500 ETH. The block trade took place around July 10, 2026, through Galaxy Digital (NASDAQ: GLXY), with Bitmine paying close to $1,752 for each token. The acquisition makes Bitmine’s Ethereum holdings close to 5.7 million Ether, whose current value is just shy...