Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach
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Tom Lee-chaired Bitmine Immersion Technologies continues an Ethereum accumulation strategy but has eased activity after prior multiple 100,000 ETH purchases. It added 42,197 ETH in the past week and now holds 4.8% of Ethereum's 120.7 million circulating supply, a move that could tighten supply and influence ETH price, liquidity and broader crypto market dynamics.
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The Tom Lee-chaired Bitmine Immersion Technologies continues with its Ethereum accumulation strategy, even though it has eased off the gas pedal compared to several weeks ago when it made multiple 100,000 ETH purchases.
In its latest announcement, it said it had added 42,197 ETH over the past week and now controls 4.8% of Ethereum’s circulating supply of 120.7 million tokens.
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