Tom Lee's BitMine Now Holds 2.9% of Total Ethereum Supply

BitMine Immersion Technologies announced on October 10 that its Ethereum (ETH) holdings have reached 3,505,723 tokens. As of November 9, the total value of its holdings, combining cryptocurrencies, cash, and moonshot investments, amounted to $13.2 billion (2 trillion yen).

The breakdown of holdings includes 3.5 million ETH (priced at $3,639 per token), 192 Bitcoins, a $61 million investment in Eito Holdings, and $398 million in unsecured cash. Over the past week, the company acquired an additional 112,288 ETH, accelerating its purchasing pace by 34% compared to the previous week. This has brought its holdings to 2.9% of the total Ethereum supply...