Bitmine Doubles Down on Ethereum with $14.3 Billion in ETH Holdings

Bitmine, the world's largest corporate holder of Ether (ETH), has increased its total holdings to 5.85 million ETH after purchasing an additional 32,447 tokens over the past week.

This brings Bitmine's total holdings to represent 4.8% of Ethereum's circulating supply of 120.7 million tokens.

Bitmine's chairman, Tom Lee, attributed Ether's recent 30% weekly gain to strengthening tailwinds, including improving crypto fundamentals and Wall Street tokenization efforts.