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Bitmine Is Almost at 5% of $ETH Supply and Tom Lee Is Looking at the Clarity Act
Bitmine just added another 27,180 ETH last week... pushing its Ethereum treasury even closer to a pretty wild milestone:
5.96M ETH held
4.9% of total ETH supply
5.07M ETH already staked
That means Bitmine is now roughly 98% of the way toward its goal of owning 5% of all Ethereum. At current prices, its staked ETH alone is worth nearly $13B.
And Tom Lee thinks the timing could get even more interesting. He sees the upcoming Clarity Act vote as a potential catalyst for a year-end crypto rally, while Ethereum could also benefit from the growing tokenization trend. ETH is now trying to reclaim $2,500, while $BTC and the broader market have also been recovering.
#GateSquareMidAutumnReunion #GateUSExpandsTo37StateLicenses