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Bitmine Surpasses 6M ETH, Closing In on 5% of Ethereum Supply

News.Bitcoin.com
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Bitmine Surpasses 6M ETH, Closing In on 5% of Ethereum Supply

Bitmine Immersion Technologies is closing in on a staggering prize: ownership of 5% of Ethereum’s entire ether supply. The company disclosed on Monday that its treasury now holds 6.03 million ETH, representing 4.9% of all tokens in circulation. With $16.2 billion in combined holdings, Tom Lee’s ethereum accumulation machine is approaching its ambitious target after […]

Key Takeaways

  1. Bitmine Immersion Technologies is closing in on a staggering prize: ownership of 5% of Ethereum’s entire ether supply.
  2. The company disclosed on Monday that its treasury now holds 6.03 million ETH, representing 4.9% of all tokens in circulation.
  3. With $16.2 billion in combined holdings, Tom Lee’s ethereum accumulation machine is approaching its ambitious target after […]
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.