Daily Market Updates: Bitmine adds 27,801 ETH as Tom Lee points to broader Ethereum use

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Bitmine adds 27,801 ETH as Tom Lee points to broader Ethereum use

The Block reports Bitmine now holds about 5.77 million ETH, or roughly 4.8% of total supply.

Reported · Written up by our desk · Market Structure

Bitmine has added 27,801 ETH as part of its continued accumulation, according to The Block.

The outlet said Bitmine’s holdings now total about 5.77 million ETH, which it described as 4.8% of Ethereum’s total supply.

The Block also cited Tom Lee, who argued that more users are starting to view Ethereum as money, pointing to everyday adoption trends tied to platforms such as Robinhood Chain.

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Sources

The BlockTom Lee says users ‘starting to see Ethereum as money’ as Bitmine adds 27,801 ETH

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Bitmine adds 27,801 ETH as Tom Lee points to broader Ethereum use

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