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.
Key Takeaways
- 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 the full article for additional context and details.
- Read the full article for additional context and details.
Summary 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

Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH Buy
Publicly traded ether treasury firm Bitmine Immersion Technologies announced Monday that it has edged closer to its stated goal of obtaining 5% of the circulating ETH supply, adding about $41 million worth of the cryptocurrency to its holdings over the last…

Bitcoin price fails to break higher after best weekly close in eight months
Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session.

Strive adds 2,000 bitcoin in biggest buy since June, closes in on MARA
Strive’s bitcoin holdings near 30,000 BTC as the race among the largest public treasuries heats up.