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Why Tom Lee's BitMine buys over $265 million in Ethereum amid crypto market crash can ETH recover after price slump?

Ethereum price today: BitMine Immersion added over 96,000 Ethereum to its treasury last week, boosting its total holdings to over 3.7 million ETH. This move occurred as Ethereum prices dropped. Despite the purchase, BitMine's stock saw a decline. Other crypto-related stocks also faced a slump. Analysts suggest the crypto market is stabilizing after a recent liquidation shock.