BitMine Immersion Technologies saw a 27% drop despite a message from Tom Lee to boost confidence in the company. Lee discussed holding 5% of the Ether supply and projected a valuation of $60,000 for ETH. BitMine shares fell over 11% in trading and 15% in after-hours. Source: BitMine

Lee confirmed BitMine holds 600,000 Ether valued at over $2.2 billion. The company aims to have all operations in the US. BitMine plans to become a major participant in Ethereum and hold 5% of the total Ether supply. Source: YouTube

David Grider from Finality Capital believes the Ether treasury company boom will benefit ETH price similar to MicroStrategy’s impact on Bitcoin. Finality Capital has a position in BitMine. Other corporate Ether buyers include SharpLink Gaming and Bit Digital. Source: David Grider

Corporations like Bit Digital and Blockchain Technology Consensus Solutions are increasing their ETH holdings, viewing Ethereum as critical infrastructure. Ray Youssef of NoOnes Finance sees a surge in corporate treasuries adopting Ethereum. Source: Cointelegraph

Ether treasuries are on the rise, with companies like BitMine and others purchasing significant amounts of ETH. The market is seeing increased interest in holding and utilizing Ethereum for corporate treasuries. Source: Cointelegraph

Read more at Cointelegraph: BitMine Drops After SEC Filing for Share and Warrant Resale