[Coin World] Last week, a mining company started buying again—BitMine Immersion Technologies purchased $273 million worth of Ether in one go, which is a direct increase of 39% compared to the previous week. It's worth noting that ETH has fallen a full 30% this month, so this move somewhat indicates a buy the dip strategy.
Their chairman Tom Lee seems quite calm, stating that the company's total assets are currently $12.1 billion, and they are still "one-third" away from their final goal. The implication is that they need to continue buying. He specifically mentioned two time points: the Fusaka upgrade is coming soon, and the Federal Reserve's policies may loosen, all of which are signals for them to increase their positions.
I looked over the asset list, and besides this wave of ETH, the company still holds 192 bitcoins, 882 million dollars in cash, and also has 36 million dollars in equity investments. However, the stock price hasn't kept up with the pace—over the past