According to Arkham monitoring, Tom Lee’s Bitmine announced it purchased $233 million in ETH over the past week, bringing its total ETH holdings to $11.2 billion, or 4.47% of ETH’s total supply; Tom Lee needs to buy an additional $1.34 billion in ETH to reach 5%, which is projected to be achieved by mid-September at the current pace.
Bitmine buys $233M in ETH in one week, total holdings reach $11.2B
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Summary
ETH news: Bitmine, controlled by Tom Lee, purchased $233 million in ETH over the past week. Its total ETH holdings now amount to $11.2 billion, or 4.47% of the total supply. At the current pace, it could reach 5% ownership by mid-September, requiring an additional $1.34 billion in ETH. ETH update: this brings its position closer to a major milestone.
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