BitMine’s Ethereum Treasury Crosses 5M as Tom Lee Predicts ‘a Stronger Move up’ for ETH

ETH Moves Toward $3,400 as Bitmine Nears 5% of Supply - Invest In Crypto News

TLDR Ethereum rose from a July low near $1,510 to a late-September peak of about $2,777. Analyst Michael van de Poppe says a break higher could send ETH toward $3,400. Bitmine now holds 5,983,940 ETH, about 4.9% of Ethereum’s total supply. Bitmine has staked about 85% of its ETH and projects $357 million in yearly […]

Ethereum (ETH) Price: ETH Moves Toward $3,400 as Bitmine Nears 5% of Supply

TLDR Ethereum rose from a July low near $1,510 to a late-September peak of about $2,777. Analyst Michael van de Poppe says a break higher could send ETH toward $3,400. Bitmine now holds 5,983,940 ETH, about 4.9% of Ethereum’s total supply. Bitmine has staked about 85% of its ETH and projects $357 million in yearly [...]

BitMine's Ethereum treasury crosses 5M as Tom Lee predicts 'a stronger move up' for ETH

BitMine had also staked 5,067,309 ETH, worth roughly $13.6 billion representing about 85% of the company’s total ETH holdings.

BitMine’s Ethereum treasury crosses 5M as Tom Lee predicts ‘a stronger move up’ for ETH

Tom Lee’s BitMine is now just 0.1% away from its goal of owning 5% of Ethereum’s total supply.

BitMine Now Owns Nearly 5% of All Ethereum in Existence

BitMine Immersion Technologies disclosed in a new SEC filing that its treasury has hit $17.1 billion, including 5.98 million ETH, or 4.9% of Ethereum's entire supply. Chairman Tom Lee's company is now 98% of the way to its self-declared goal of owning 5% of all ETH, just 15 months after it started buying, and it now ranks as the world's second-largest crypto treasury behind Michael Saylor's Strategy.