Bitmine Immersion has expanded its Ethereum holdings to over 1.5% of the total supply, now owning 1,866,974 ETH valued at $8.1 billion. Under Tom Lee's leadership, the company has aggressively accumulated Ethereum, reflecting a growing trend of institutional interest in the cryptocurrency. This strategic move aligns with the current bull cycle and follows the successful Ethereum 2.0 upgrade and the launch of ETH and BTC ETFs, which have encouraged global asset managers to increase their crypto investments. Bitmine aims to capture 5% of the total ETH supply, solidifying its position as a significant player in the Ethereum market.
Bitmine Immersion Acquires 1.5% of Ethereum Supply, Valued at $8.1 Billion
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