Bitmine buys $52M ETH as Tom Lee says price not yet showing Ethereum’s strength
CoinTelegraph·
60-second summary
Bitmine is buying $52 million worth of Ethereum, aiming to hold 5% of the total 120.6 million Ether tokens in circulation, which would be approximately 6 million Ether. This purchase brings them 90% of the way to their target, with Tom Lee suggesting the price isn't yet reflecting Ethereum's underlying strength, potentially indicating a bullish future.
Bitmine is aiming to hold 5% of the total circulating supply of 120.6 million Ether tokens and is about 90% of the way to its target after its latest purchase.