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Home›Crypto›Market Structure›Tom Lee’s Bitmine boosts Ethereum holdings to 5.93 mil…

Tom Lee’s Bitmine boosts Ethereum holdings to 5.93 million ETH

Bitmine said it added $70 million worth of Ethereum, and most of its tokens are staked to generate staking rewards.

Reported · Written up by our desk · Market Structure

According to Decrypt, Tom Lee’s Bitmine has increased its Ethereum holdings by $70 million, bringing its total to 5.93 million ETH.

The company said it controls about 4.9% of Ethereum’s supply, and that most of its tokens are staked.

Bitmine added that staking is used to earn ongoing rewards on the majority of its Ethereum holdings, per Decrypt.

Latest closeEthereum $2,494.80 ▲0.1%

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Sources

DecryptTom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH

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