News
Bitmine nears 5% Ethereum supply target with $20M ETH purchase
Bitmine, the investment vehicle founded by Tom Lee, purchased an additional 9,587 ETH last week. The purchase brings the fund’s total Ethereum holdings close to its stated goal of owning 5% of the network’s circulating supply. The acquisition is valued at roughly $20 million based on recent market prices. The move follows Lee’s public comments about a forthcoming tokenization and AI “supercycle.”