Crypto
BitMine Surpasses 5.93 Million Ethereum Holdings
Tom Lee's BitMine has surpassed 5.93 million Ethereum (ETH) in its portfolio, accounting for approximately 4.9% of the cryptocurrency's total supply.
The company's holdings have increased significantly since it launched its Ethereum treasury strategy on June 30, with an additional 28,086 ETH added to its portfolio last week alone.
The total value of BitMine's assets is approximately $15.7 billion, including $593 million worth of cash and securities in addition to the $14.79 billion in ETH holdings.