Global Stock News

Tom Lee propels Bitmine with a massive Ethereum acquisition

Tom Lee propels Bitmine with a massive Ethereum acquisition


9h05 ▪
4
min read ▪ by
Lydie M.

Summarize this article with:

The battle for crypto treasuries is no longer just about Bitcoin. Bitmine now pushes its advantage on Ethereum to a rarely seen level, with a new wave of purchases that strengthens both its market weight and its bullish narrative around ETH.

Man pulling a giant stockpile of ETH crypto in a warehouse.Man pulling a giant stockpile of ETH crypto in a warehouse.

In Brief

  • Bitmine bought 71,252 ETH in one week and now holds 4.803 million ETH.
  • The company controls 3.98% of the total supply and still targets the 5% threshold.
  • Its…

Source link

Share this article

Scroll to Top