BitMine’s Ethereum holdings surpass $14 billion, now near 5% of total supply

BitMine, a prominent Ethereum treasury management firm led by Tom Lee, has increased its Ethereum reserves to over $14 billion following its most recent acquisition of 10,452 ETH in the past week. The latest addition brings BitMine’s total Ethereum holdings to more than 6.05 million ETH, according to on-chain data shared by Whale Insider. The purchase, valued at over $24 million, comes at a time when Ethereum continues to trade well below its recent peak levels amid persistent volatility across digital asset markets.

Source: CoinTurk News