Tom Lee’s BitMine nears 70% of Ethereum treasury target with latest 40,302 ETH buy
BitMine, the Ethereum treasury company led by Tom Lee, increased its holdings to 4,243,338 ETH after buying 40,302 ETH, nearing its 5% supply target.Summary
BitMine Immersion Technologies, an Ethereum treasury company associated with Tom Lee, has increased its total Ethereum holdings to 4,243,338 ETH, valued at about $12.3 billion, following a recent acquisition of 40,302 ETH. This latest purchase brings the company closer to its goal of acquiring 5% of Ethereum's circulating supply, which is currently around 6.04 million ETH. BitMine's current ETH holdings represent approximately 3.52% of the total circulating supply. The company also holds significant assets including 193 BTC, a stake in Eightco, and a $200 million investment in MrBeast's Beast Industries. Furthermore, BitMine has staked 2,009,267 ETH, which Chairman Tom Lee noted is more than other entities globally, projecting substantial annual staking fees. BitMine is currently the largest Ethereum treasury holder, surpassing competitors like SharpLink and The Ether Machine, and is the second-largest public crypto treasury overall, behind Michael Saylor's Strategy.
(Source：The Block)