Tom Lee’s BitMine Just Dropped a Crypto Bombshell: 833,000 ETH Locked Up – What It Means for Ethereum’s Future Stability and Your Portfolio
BitMine Immersion (BMNR), the largest Ethereum (ETH) treasury company led by Thomas “Tom” Lee, founder and CIO of Fundstrat, revealed Monday that its Ethereum holdings have reached 833,137 units.
With ETH trading at $3,557 at press time, BitMine’s Ethereum stash is now valued at $2.9 billion. The company has aggressively accumulated Ethereum since the official start of its ETH pursuit in late June, targeting 5% of the world’s total Ethereum.
“BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago,” said Lee in a statement. “We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock.”
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