BitMine Immersion Technologies recently purchased 45,759 ETH, increasing its holdings to over 4.37 million ETH valued at $8.68 billion despite a 60% decline from Ethereum's all-time high. BitMine Chairman Tom Lee remains optimistic about Ethereum's future, citing emerging drivers such as Wall Street tokenization, AI use cases, and layered human verification standards. While market sentiment remains bearish with predictions of further ETH price drops, BitMine continues to accumulate Ethereum, emphasizing a long-term bullish outlook.

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