Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply
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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.
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 Adds $74M in Ethereum, Declares a Crypto Bull Market 'Underway'
The purchase lifts Bitmine's stash to nearly 5.99 million ETH—4.9% of supply—as chairman Tom Lee argues Ethereum's outperformance signals a stronger move ahead and institutions remain underweight.
Bitmine Buys Another $81M in Ethereum as ETH Outperforms Bitcoin
Bitmine is about 187,000 Ethereum short of its 5% of supply target.
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: The rise in the ETH/BTC exchange rate indicates that investors expect improved visibility of crypto use cases.
According to BlockBeats, on July 6, Tom Lee, chairman of BitMine, the largest Ethereum treasury, wrote that although there is still widespread skepticism about ETH in the market, the rise in the ETH/BTC exchange rate shows that investors are expecting improved visibility of cryptocurrency "use cases," which is a good thing for the market.