Whales aren't sleeping! BitMine just spent another $20.3 million to scoop up nearly 10,000 more $ETH , bringing its total to over 6 million $ETH worth nearly $13 billion.
This isn't a small transaction. BitMine now holds nearly 5% of the total $ETH supply, just 39,900 $ETH short of chairman Tom Lee's 5% target. It's a move that shows immense confidence in Ethereum.
Tom Lee called Vitalik Buterin's statement, "ETH is a store of value, ETH is money," a "seismic shift." This is a strategic positioning that turns $ETH into a reliable collateral asset.
With this position, $ETH will be a core foundation for the boom in tokenization and AI. It's a massive catalyst for attracting capital and reshaping Ethereum's role in the future of finance.
Notably, more than 86% of BitMine's enormous $ETH holdings are staked. This is not just a commitment; it also reduces the circulating supply and strengthens the network's stability.
With a major player accumulating $ETH so aggressively, are we about to see a major boost to the price of $ETH ?
#CryptoNews #Ethereum
$ETH
This isn't a small transaction. BitMine now holds nearly 5% of the total $ETH supply, just 39,900 $ETH short of chairman Tom Lee's 5% target. It's a move that shows immense confidence in Ethereum.
Tom Lee called Vitalik Buterin's statement, "ETH is a store of value, ETH is money," a "seismic shift." This is a strategic positioning that turns $ETH into a reliable collateral asset.
With this position, $ETH will be a core foundation for the boom in tokenization and AI. It's a massive catalyst for attracting capital and reshaping Ethereum's role in the future of finance.
Notably, more than 86% of BitMine's enormous $ETH holdings are staked. This is not just a commitment; it also reduces the circulating supply and strengthens the network's stability.
With a major player accumulating $ETH so aggressively, are we about to see a major boost to the price of $ETH ?
#CryptoNews #Ethereum
$ETH