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’s Board of Directors recently approved a $1 billion stock repurchase program to advance its Ethereum strategy.
In addition to ETH, BitMine holds about 192 Bitcoin (BTC), according to its latest disclosure. The company is now one of the top five corporate holders of crypto assets, following prominent names like Strategy, MARA Holdings, and Twenty One (XXI), based on data from BitcoinTreasuries.NET.
Prominent investor Bill Miller III has taken a significant stake in BitMine, joining other institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.
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