Bitmine Expands ETH Treasury with Major Purchase, Nears 5% Supply
Cointelegraph
Bitmine Immersion Technologies purchased 71,524 Ether, bringing its total holdings to approximately 4.04% of the global supply.Summary
Bitmine Immersion Technologies recently acquired 71,524 Ether, increasing its total holdings to 4.87 million tokens, which represents roughly 4.04% of the total circulating supply. The company aims to reach a target of 5% of the total global supply. Chairman Tom Lee attributed the company's bullish stance on Ether to growing institutional demand and the integration of blockchain technology in AI systems. A significant portion of these holdings is currently staked via the company's internal platform, MAVAN, generating substantial annual rewards.
(Source：Cointelegraph)