Bitmine Purchases Another 20,500 ETH ($35.92M) from Galaxy Digital
Bitmine (address 0x2B7...d7dC), suspected to be linked to Tom Lee, purchased another 20,500 ETH from Galaxy Digital approximately six hours ago, valued at $35.92 million**. This follows the company's massive accumulation spree last week, where it acquired **42,197 ETH** and raised its total holdings to **5,742,237 ETH** — representing **4.8% of Ethereum's entire circulating supply** with a treasury now exceeding **$11 billion. Bitmine is now 95% of the way toward its stated "Alchemy of 5%" objective.
Risk reminder: Large treasury holdings can influence market dynamics. Bitmine's ETH is valued at $1,800 per ETH** for accounting purposes — current market price is near **$1,740.
