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Bitmine Buys $74M Ether as Treasury Nears 5% of Ethereum Supply

2026-07-07 13:41:34

Bitmine acquired 42,197 ETH worth an estimated $74 million last week, lifting its treasury to over 5.7 million ETH. Chairman Tom Lee tied ether's recent gains against bitcoin to regulatory sentiment. Lee cited prediction-market pricing that put Clarity Act passage odds at about 50%.

ETH-2.18%

BTC-1.55%

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