BitMine could hit its 5% Ether supply target within weeks — then what?
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Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
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.
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 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 Another $47M of ETH, Taking It to 4.9% of Ethereum Supply
Bitmine has staked 84% of its tokens, a position it projects will generate some $358 million a year in staking rewards.
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.