Tom Lee’s BitMine adds $113 million worth of ETH to treasury: onchain data
BitMine, led by Tom Lee, acquired $113 million in ETH, bringing its total holdings to over 3.3 million ETH.Summary
BitMine Immersion Technologies recently added 27,316 ETH, valued at $113 million, to its corporate Ethereum treasury, according to onchain data reported by Lookonchain. This acquisition follows BitMine's earlier announcement that its holdings surpassed 3.3 million ETH, valued around $13.2 billion at current prices, making it the largest ETH treasury and second-largest crypto treasury overall, behind Michael Saylor's Strategy. Led by Fundstrat co-founder Tom Lee, BitMine aims to accumulate 5% of Ethereum's total supply and is backed by major institutional investors like Ark Invest and Galaxy Digital. Lee strongly supports Ethereum, viewing it as a "truly neutral chain" favored by Wall Street and the White House for future blockchain endeavors.
(Source：The Block)