BitMine Ethereum Holdings Top 5M ETH After Big Buy

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The latest acquisition announced earlier today was for almost 102,000 tokens.

The former Bitcoin miner turned Ethereum accumulation firm, chaired by Tom Lee, continues to increase its exposure to the world’s largest altcoin, now holding over 4.2% of its total supply.

The firm announced another major acquisition completed last week for 101,901 ETH, which was the single-largest purchase since December last year.


Over 5M ETH
Tom Lee outlined the increase to over 5 million ETH, which he categorized as a “major milestone” since the company is inching closer to acquiring 5% of the total supply. He also praised the pace of this stash growth, as it has taken less than a year to reach and exceed five million.

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