Bitmine Boosts Ethereum Holdings to Nearly 5%

Bitmine, led by Tom Lee, has significantly increased its Ethereum holdings. The company purchased an additional 9,926 ETH last week, bringing its total to 5.815 million ETH, worth around $11 billion.

This represents about 4.8% of Ethereum's total supply, nearing Bitmine's goal of owning 5%. Lee highlighted growing demand for Ethereum driven by tokenization and AI applications, as well as easing financial conditions supporting the crypto market.