In brief
- Bitmine bought another 27,562 ETH, raising its holdings to 5,983,940 ETH (about $16.1 billion), or 4.9% of supply—98% of the way to its “Alchemy of 5%” goal.
- Chairman Tom Lee said a crypto bull market has been underway since late June, called Ethereum the best-performing macro asset of the quarter, and predicted underweight institutions will pile in during Q4.
- Total holdings, including cash and “moonshots,” hit $17.1 billion; Bitmine remains the top ETH treasury and second overall behind Strategy.
Bitmine Immersion Technologies kept up its unbroken buying streak this week, adding 27,562 Ethereum—worth roughly $74 million—as chairman Tom Lee argued a fresh crypto bull market has begun and institutions are still on the…
