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BitMine Becomes World’s Largest ETH Holder

Published by
Qadir AK

BitMine, led by Tom Lee, has announced that it now holds more than 833,000 ETH valued at $2.9 billion, making it the largest Ethereum treasury globally. Over the past 35 days, BitMine (BMNR) aggressively grew its ETH reserves with a goal to control 5% of the total supply and generate yield through staking. Backed by investors like Bill Miller III, Cathie Wood, and Founders Fund, it is aiming for a leading role in the Ethereum ecosystem.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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