Daily Market Updates: Bitmine adds $19 million more Ethereum as holdings near 5%

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Bitmine adds $19 million more Ethereum as holdings near 5%

The firm said it is about 96% of the way to owning 5% of Ethereum’s total supply.

Reported · Written up by our desk · Ethereum

Bitmine, the crypto firm tied to Tom Lee, purchased an additional $19 million worth of Ethereum, according to Decrypt.

The firm said the latest buy puts it about 96% of the way toward owning 5% of Ethereum’s total supply, with the goal framed around its chairman Tom Lee.

Decrypt also reported that the accumulation is occurring as Bitmine continues to build its Ethereum stash.

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Sources

DecryptTom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply

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Bitmine adds $19 million more Ethereum as holdings near 5%

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Sources

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