Bitmine has purchased another 5,000 ETH worth approximately $11.22 million, bringing its total Ethereum treasury to 6,065,000 ETH.
That puts the company’s holdings at roughly 4.96% of Ethereum’s circulating supply, bringing it extremely close to Tom Lee’s much discussed 5% accumulation target.
Bitmine continues to build one of the largest corporate ETH positions in the market. With the company approaching that 5% threshold, attention is now on how much further accumulation remains.
That’s a significant amount of ETH concentrated in one corporate treasury.
#BTC Price Analysis# #Macro Insights# $ETH
That puts the company’s holdings at roughly 4.96% of Ethereum’s circulating supply, bringing it extremely close to Tom Lee’s much discussed 5% accumulation target.
Bitmine continues to build one of the largest corporate ETH positions in the market. With the company approaching that 5% threshold, attention is now on how much further accumulation remains.
That’s a significant amount of ETH concentrated in one corporate treasury.
#BTC Price Analysis# #Macro Insights# $ETH
