Ethereum Buying Spree Continues Amid Crypto Market Uncertainty

Tom Lee's BitMine Immersion Technologies has continued its buying spree, adding 71,179 Ethereum (ETH) worth around $146 million to its portfolio over the last week. This brings the firm's total ETH holdings to 4,732,082, valued at approximately $9.7 billion.

The value of Ethereum has increased by about 8% in the last month of trading, while gold has dropped nearly 13% in that time. Traditional stock indices, such as the Dow Jones Industrial Average and the S&P 500, have also declined more than 7% each.