Bitmine Buys $19M Ethereum, Holdings Reach 4.8% of Total Supply

Tom Lee's Bitmine acquires additional $19M in Ethereum, pushing cumulative holdings to 4.8% of total supply, nearing the 5% target.

Woofun AI reports that Bitmine, the mining entity owned by Tom Lee, has acquired an additional $19 million worth of Ethereum. The firm disclosed that its aggregate position now constitutes 4.8% of the total Ethereum supply. Management indicated this acquisition places the company within one step of its objective to hold 5% of the total supply, representing 96% completion of that specific target.