‘Ethereum is in the final stages of mini-crypto winter,’ Tom Lee says as Bitmine adds another 65,341 ETH
Bitmine's ETH holdings reached $10 billion after acquiring 65,341 ETH, with Tom Lee stating Ethereum is nearing the end of a 'mini-crypto winter'.Summary
Bitmine Immersion, chaired by Tom Lee, has increased its Ethereum (ETH) holdings to 4,660,903 ETH, currently valued at approximately $10 billion. This follows a recent acquisition of 65,341 ETH, bringing Bitmine’s total crypto and cash holdings to $11 billion. Bitmine holds around 3.86% of the current Ethereum circulating supply. Tom Lee believes that Ethereum is in the final stages of a 'mini-crypto winter,' noting its outperformance against the broader market since the Iran war, rising 18% and exceeding equities by 2,450 basis points. The company has staked 3,142,643 ETH, generating an annual staking reward of $272 million. Bitmine is the largest Ethereum treasury holder, surpassing SharpLink and The Ether Machine, and is the second-largest public crypto treasury overall, behind Michael Saylor's Strategy.
(Source：The Block)