BitMine’s Ethereum Holdings Reach 6.04 Million ETH as Tom Lee Pushes Towards 5% Supply Target
BitMine bought 12,535 ETH, raising its total holdings to 6.04 million ETH, or 4.9% of Ethereum’s supply, while its total treasury value fell from $16.2 billion to $15.1 billion in a week. Chairman Tom Lee blamed the crypto sell-off on AI concerns, geopolitical tensions and rising bond yields, but said BitMine still sees buying opportunities as it approaches its 5% Ethereum ownership target.
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