Bitmine announces $74M Ether buys as chair says ‘greater chances of Clarity Act passage’
Summary
Bitmine Immersion Technologies said it bought about $74 million more Ether, increasing its holdings to 5,742,237 ETH as of Sunday, up 42,197 ETH from last week. The company now holds roughly 4.8% of ETH’s total supply. Chair Tom Lee linked the treasury strategy to growing optimism around the U.S. CLARITY Act, saying the bill could help smart contract platforms like Ethereum, and noted recent strength in the ETH/BTC ratio. By contrast, Strategy sold $216 million of Bitcoin to help fund dividend payments, cutting its BTC holdings to 843,775. The CLARITY Act remains pending in the Senate and would expand CFTC oversight of digital assets, but passage is uncertain.
