BitMine Surpasses 50% of Its Goal to Hold 5% of Ethereum Supply
BitMine, led by Tom Lee, now holds over 2.5% of the total Ethereum supply, with $13.4B in assets and growing institutional investor support.
The company has reached over 50% of its target to control 5% of the Ethereum supply, adding 202,037 ETH last week to lift its total holdings to over 3 million ETH.
- Total Ethereum holdings: over 3 million ETH
- Bitcoin holdings: 192 BTC
- Additional assets: $135 million equity stake in Eightco Holdings and $104 million in cash
“The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of. We acquired 202,037 ETH tokens over the past few days pushing our ETH holdings to over 3 million, or 2.5% of the supply of ETH,” - Tom Lee
Author's summary: BitMine reaches 50% of its goal to hold 5% of Ethereum supply.