‘Crypto bull market is underway,’ Tom Lee says as Bitmine nears 5% Ethereum supply target with 27,562 ETH buy
60-second summary
Tom Lee declares a crypto bull market as Bitmine approaches a 5% Ethereum holding, having purchased 27,562 ETH and now controlling over 4.9% of the circulating supply; the firm’s total crypto investments total $17.1 billion. This concentration signals strong institutional confidence, likely buoying ETH prices and reinforcing broader market optimism for digital assets.
Bitmine's total investments currently stand at $17.1 billion, and the company owns over 4.9% of Ethereum's circulating supply.