Tom Lee’s Bitmine Adds 5,000 ETH Despite $7.5B Unrealized Loss as BMNR Stock Rebounds

Tom Lee’s Bitmine bought 5,000 $ETH from the Ethereum Foundation through an OTC transaction. The deal priced each $ETH at $2,042.96, bringing the total value to about $10.38 million today, according to the foundation. According to the Ethereum Foundation, the sale funds protocol research, ecosystem development, and community grant programs across its network operations.