BitMine Nears Massive Ethereum Milestone as ETH Holdings Reach 5.85 Million
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The Tom Lee-chaired Ethereum accumulator bought 32,447 ETH over the past week, bringing its holdings to 5,847,611 ETH as of August 23. With ETH at $2,440 yesterday the position is worth about $14.3 billion, roughly $3 billion higher than the prior week, signaling renewed crypto demand and institutional accumulation that could support Ethereum adoption.
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The Tom Lee-chaired Ethereum accumulator has ramped up its ETH acquisitions amid the asset’s major price revival experienced last week.
The company has acquired 32,447 tokens over the past week, and its total has skyrocketed to 5,847,611 ETH as of August 23. With Ethereum’s price jumping to $2,440 yesterday, this put the firm’s position at $14.3 billion – or about $3 billion higher than the previous week.
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