Tom Lee’s BitMine Amasses Nearly 5% of All Ethereum as Staking Yields Pile Up

Tom Lee’s BitMine Amasses Nearly 5% of All Ethereum as Staking Yields Pile Up

BitMine Immersion Technologies has done what few corporations dare. It keeps buying Ethereum through rallies and routs alike. The NYSE-listed company now controls 5.81 million ETH. That stake equals 4.8 percent of the total supply. From Bitcoin Miner to Ethereum Powerhouse Chairman Thomas “Tom” Lee joined last year. He steered the former Bitcoin miner toward a single-minded Ethereum treasury strategy. The shift paid off in size. As of Aug. 10, B…

Bitmine (NASDAQ: BMNR) Nears 5% Ethereum Supply Target As Tom Lee Signals Confidence In ETH's Trajectory

Bitmine (NASDAQ: BMNR), chaired by Fundstrat Global Advisors founder Tom Lee, now holds 5.81 million Ether tokens, representing approximately 4.8% of Ethereum’s total circulating supply of 120.7 million tokens. The company has reiterated its goal of acquiring 5% of Ether’s total supply, a threshold Lee has branded the “Alchemy of 5%,” positioning Bitmine as one of the largest institutional holders of Ethereum in the world. Bitmine reported acqui…

Tom Lee's Bitmine Continues to Buy Ethereum, Now Holds 4.8% of Its Total Supply. Should Investors Follow His Lead and Buy ETH?

The world's largest corporate holder of Ether continues to buy more tokens.

Bitmine’s Ethereum Strategy Gains Momentum With 5.82 Million ETH Holdings

Bitmine has expanded its Ethereum treasury to 5.82 million ETH, bringing the company within reach of its 5% ownership target. With most of its holdings already staked through MAVAN and continued ETH purchases underway, Bitmine is strengthening its position as a major institutional Ethereum treasury while pursuing additional staking revenue.

Tom Lee's Bitmine Continues to Buy Ethereum, Now Holds 4.8% of Its Total Supply. Should Investors Follow His Lead and Buy ETH? - The Motley Fool

Tom Lee's Bitmine Continues to Buy Ethereum, Now Holds 4.8% of Its Total Supply. Should Investors Follow His Lead and Buy ETH? The Motley Fool