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Tom Lee’s BitMine Buys 27,801 ETH, Total Holdings Rise to 5.77 Million ETH
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
BitMine said it purchased 27,801 ETH over the past week, increasing its total holdings to 5,770,038 ETH, or about 4.8% of Ethereum’s total supply. The company has also staked 4,917,189 ETH and held $482 million in cash and marketable securities as of July 12. Combined crypto holdings, cash, and other investments were valued at $11.3 billion. Investors will watch whether BitMine reaches its goal of owning 5% of Ethereum’s supply later this year.
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