Tom Lee’s Bitmine adds $70 million worth of ETH to treasury: onchain analyst
The Block·
60-second summary
Tom Lee's Bitmine adds $70 million worth of ETH to its treasury, increasing its holdings to 5.74 million ETH, approximately 4.8% of Ethereum's circulating supply. This significant accumulation has sparked onchain analyst interest, as Bitmine's treasury now rivals some of the largest ETH holders. Market implications include potential price support for Ethereum.
Bitmine's most recent disclosure shows that it holds 5.74 million ETH, roughly 4.8% of Ethereum's circulating supply.