Bitmine Gets Within About 40,000 ETH of Tom Lee’s 5% Target After Another Week of Buying
By Unchained
AI summary of the source article
Bitmine Immersion Technologies added 9,587 ETH last week, raising its holdings to 6,070,092 ETH. This leaves the firm approximately 39,900 ETH short of chairman Tom Lee's 5% cap on holding Ethereum's total supply.
Key facts
- Bitmine holds 6,070,092 ETH, representing 4.97% of Ethereum's 122.2 million token supply.
- The company's total holdings reached $14.3 billion as of November 8, including 216 BTC and $475 million in cash and marketable securities.
- Bitmine has staked 5,227,037 ETH (about 86% of its holdings), generating an estimated $309 million annually at a 2.65% trailing yield.
Source excerpt · Unchained
The Ethereum treasury company said it held 6,070,092 ETH as of Nov. 8, or 4.97% of the token's supply, part of $14.3 billion in crypto, cash and stakes. The post Bitmine Gets Within About 40,000 ETH of Tom Lee’s 5% Target After Another Week of Buying appeared first on Unchained .