Update
Bitmine Adds to Ethereum Holdings
Bitmine Immersion Technologies, led by chairman Tom Lee, added 9,587 ETH worth approximately $20 million to its portfolio, reaching a total of 6,070,092 ETH. This represents 4.97% of Ethereum's supply and brings Bitmine 99% of the way towards its goal of owning 5% of the network, which it calls the 'Alchemy of 5%'. Lee attributes this to Vitalik Buterin's recent declaration that 'ETH is money', seen as a significant shift in Ethereum's value proposition.