BitMine Boosts Ethereum Holdings Above $8B, Now Owns 1.5% of ETH
TL;DR BitMine Immersion Technologies purchased 153,000 Ethereum, increasing its total to 1.86 million ETH worth $8.1 billion. The firm now holds about 1.5% of the total 120.7 million Ethereum supply, making it the largest corporate ETH holder. BitMine aims to own 5% of Ethereum’s supply and also holds 192 Bitcoin valued at $21 million. Fundstrat co-founder Tom Lee compared Ethereum’s current phase to the 1971 US dollar shift, predicting growth in digital assets and blockchain use. Ethereum’s price recently declined about 13% from its all-time high near $5,000, while BitMine’s stock dropped 3.5% to $42.11. Get daily crypto briefs One short email with the biggest crypto moves. No spam, unsubscribe anytime. ...