BitMine Immersion Technologies Inc. (NASDAQ:BMNR) has doubled down despite the Ethereum (CRYPTO: ETH) crash, scooping up 96,798 ETH last week, saying the company is only “two-thirds” of the way to long-term dominance.

BitMine Steps Up Accumulation Despite ETH’s 30% Monthly Drop

Chairman Tom Lee said the company bought roughly $273 million worth of Ethereum last week, marking a 39% increase from its prior weekly buying pace. 

BitMine’s combined assets — including crypto, cash and equity stakes — now total $12.1 billion, powered largely by what Lee calls the world’s largest Ethereum treasury.

The Block’s data dashboard shows BitMine’s ETH stack fell from almost $14 billion in October to…

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