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Tom Lee’s Bitmine repurchases $213.57 million worth of ETH, bringing its total holdings to $9.32 billion.

CoinNetwork
Coin World News reports that Tom Lee’s Bitmine recently purchased an additional $213.57 million worth of Ethereum (ETH), bringing its total holdings to approximately $9.32 billion. According to Arkham data, Bitmine currently controls about 4.59% of the circulating ETH supply. To reach its 5% target, Bitmine still needs to buy another approximately $819.86 million worth of ETH. Meanwhile, new ETF fund inflows and on-chain data also give traders more reasons to pay attention to the market. Even though Ethereum’s price is still below its previous all-time high, Bitmine continues to increase its holdings. Glassnode data shows that, currently, only 11% of ETH supply holders have returns more than three times their purchase value, the lowest level since 2017. This suggests that the current market cycle has not generated the same broad-based profits as in earlier years.
ETH-2.04%
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LendingPoolObserver
· 3h ago
A 5% target is just one step away; 800 million shouldn't be difficult for Bitmine, right?
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AprDaydream
· 3h ago
Tom Lee is trying to manipulate the rhythm of ETH, with 4.59% of the circulating supply already being quite alarming.
View OriginalReply0
MorningGoldAsWavesCrashAgainst
· 3h ago
Glassnode data is quite interesting; 11% of holders have tripled their gains. Does this mean it's not too late to enter now?
View OriginalReply0

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