Bitmine's Tom Lee calls ether 'the wartime store of value' as holdings hit 4.87 million ETH
CoinDesk
Bitmine Immersion Technologies now holds 4.87 million ETH, with Chairman Tom Lee labeling the asset a wartime store of value.Summary
Bitmine Immersion Technologies (BMNR) has reached a significant milestone, holding 4.87 million ether—representing 4.04% of total supply—and aims to own 5% of all ETH. Chairman Tom Lee described the asset as "the wartime store of value" due to its performance relative to gold and the S&P 500 during recent geopolitical conflicts. The firm also generates $212 million in annualized revenue from staking and maintains a diverse treasury including positions in AI-related equities like Eightco Holdings.
(Source：CoinDesk)