BitMine has increased its Ethereum holdings by 45,759 ETH, bringing its total to 4.3715 million ETH, which represents 3.62% of the total Ethereum supply of 120.7 million. The company has staked 3,040,483 ETH, valued at approximately $6.1 billion based on the current price of $1,998 per ETH. Chairman Thomas Lee stated that despite the current low investor sentiment, this "mini winter" is not accompanied by systemic collapse events like those in 2018 or 2022. BitMine plans to continue increasing its ETH holdings, unaffected by short-term price fluctuations.
BitMine Increases Ethereum Holdings by 45,759 ETH, Now Holds 3.62% of Total Supply
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