Bitmine Adds $68 Million in Ethereum as Holdings Near 6 Million ETH
Related
Tom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH
The company says it holds roughly 4.9% of Ethereum’s supply, with most of its tokens staked to earn rewards.
Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June
The purchase lifts Bitmine's stash to 5.9 million ETH—4.9% of supply—as chairman Tom Lee points to crypto's strong third quarter.
Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply
The firm says it's 96% of the way to owning 5% of Ethereum's total supply, according to Chairman Tom Lee.
Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses
Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate $287 million in annual rewards.
Bitmine Buys Another $81M in Ethereum as ETH Outperforms Bitcoin
Bitmine is about 187,000 Ethereum short of its 5% of supply target.
Santiment: Bitcoin and Ethereum exchange supply is near all-time lows, reflecting increased investor confidence.
PANews reported on July 8 that, according to Cointelegraph, Santiment data shows that the supply of Bitcoin and Ethereum on exchanges is near all-time lows, with Bitcoin at its lowest level since 2017 and Ethereum at its lowest level since 2015, reflecting increased investor confidence.