#BitMineAdds12535ETH
🏦 BitMine Buys the Dip Again: 12,535 ETH Added
📅 Tom Lee's BitMine bought 12,535 ETH (about $30M) in the week to Oct 18
📊 Treasury now 6,041,481 ETH, worth about $14.3B at $2,365
🌍 That is 4.9% of ETH's 122.1M supply, 99% of the way to its 5% goal
🔒 5.07M ETH (84%) is staked, projected to earn about $309M a year
💼 Total crypto, cash and investments: $15.1B, incl. 215 BTC and $582M cash
⚠️ Lee blames the dip on AI funding fears, US-Iran tension and rising bond yields
📉 ETH trades near $2,390, down about 2% in 24h
What it means for crypto: the biggest ETH treasury is still buying every week, but it is close to its 5% target, so this steady bid may fade once buying stops.
What happens to ETH when BitMine stops buying? 👇
$ETH $BTC #CryptoNews #BitMineAdds12535ETH #Ethereum #ETHTreasury