Thomas LEE

Bitmine Immersion bought 42,197 ether last week, extending its position as the largest Ethereum treasury company. The move contrasted with Strategy’s rare bitcoin sale as investors watched regulatory expectations around the proposed Clarity Act.

Bitmine Immersion Technologies added 27,084 ether last week in a $43 million purchase that lifted its ETH holdings to 5.7 million tokens. Chairman Thomas Lee said quarter-end window dressing helped drive recent weakness in bitcoin and ether.