Bitmine purchased $232.5 million worth of ETH in the past week, currently holding a total of $11.2 billion in ETH

According to Arkham monitoring, Tom Lee announced that Bitmine purchased $232.5 million worth of ETH in the past week. They currently hold a total of $11.2 billion worth of ETH, which accounts for 4.47% of the total supply.

It is reported that Tom Lee needs to purchase an additional $1.34 billion worth of ETH to reach 5%. At this rate, they will achieve their goal by mid-September.
Previously, it was reported that Bitmine plans to hold 5% of the Ethereum supply by the end of 2026.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.