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CryptoWorld News: Bitmine Immersion Technologies Inc. (Nasdaq: BMNR) recently purchased 10,000 ETH from the Ethereum Foundation. The transaction total is approximately $2,292.15, with an aggregate amount of $22.9 million. This is the second transaction between the two parties within a few weeks, and the proceeds will be used for the Ethereum Foundation’s protocol research, ecosystem expansion, and community funding. Bitmine currently holds approximately 5.08 million ETH, accounting for 4.2% of the circulating supply. Despite its large holdings, Bitmine still faces market pressure, with unrealized losses currently approaching $6.4 billion. Bitmine Chairman Tom Lee said that the current market conditions are viewed as a “small crypto winter,” and the outlook for recovery remains uncertain.