Tom Lee’s Bitmine adds $145 million worth of ETH in latest buy: onchain analysts
The Block
Bitmine, chaired by Tom Lee, purchased approximately $145 million in Ethereum (ETH) this week, continuing its accumulation trend.Summary
Bitmine Immersion Technologies, the Ethereum treasury firm chaired by Fundstrat's Tom Lee, reportedly acquired another $145 million worth of ETH on Tuesday, according to onchain analytics providers Lookonchain and EmberCN. This purchase involved 67,111 ETH bought from Kraken. This acquisition adds to Bitmine's existing holdings of 4.66 million ETH as of March 22, representing about 3.86% of Ethereum's circulating supply. Tom Lee stated that the increased pace of ETH buys is based on the view that ETH is in the final stages of a "mini-crypto winter." Bitmine remains the largest known ether treasury holder among public companies.
(Source：The Block)