Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target
The purchase lifts Bitmine's stash past 6 million ETH—4.9% of supply and 99% of the way to its "Alchemy of 5%" goal—as chairman Tom Lee says Ethereum is "dwarfing" other macro assets.
Read Full Article on DecryptSummary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

Ripple’s Schwartz Slams Fee Metric as 100x XRP Fee Hike Is Floated
Blockchain fee revenue is a poor performance metric, according to Ripple’s David Schwartz. Responding to an XRP Ledger fee suggestion, he described transaction charges as friction the chain failed to remove and questioned whose interests the metric…
Trump Says Hormuz No Longer Impacts Gas Prices. Is He Right?
Trump says Hormuz no longer drives gas prices. Minutes later, a tanker burned there. See what oil charts show. The post Trump Says Hormuz No Longer Impacts Gas Prices. Is He Right? appeared first on BeInCrypto.

Strive Adds $169M Bitcoin in Its Biggest Buy in Four Months
The Nasdaq-listed bitcoin treasury company, co-founded by Vivek Ramaswamy, paid roughly $169 million for 2,000 coins last week and now holds 29,462 BTC.