Breaking: Tom Lee's BitMine Buys Another $20M Ethereum, BMNR Stock Recovers

Over the past week, Tom Lee's BitMine Immersion Technologies (NYSE: BMNR) purchased another 8,573 Ethereum (ETH) valued at around $19.4 million. The new purchase brings the total amount of ETH that the exchange has in its possession to 6,060,506 ETH, which accounts for 4.9% of Ethereum's total supply. BitMine Expands Ethereum Treasury to $13.7 Billion The acquisition is designed to help BMNR's stock recover from its losses. The stock ended at $20.18 on October 30, up 6.83%, but rising about 2% after hours to $20.59. Ethereum also rallied up to reach around $2,281.