Bitmine adds 9,926 ETH as treasury nears 5% of total supply

Tom Lee's Bitmine recently purchased 9,926 ETH, worth approximately $19 million, bringing its total treasury to 5.82 million ETH. This holding represents 4.8% of the total Ethereum supply, with the firm now 96% of the way toward its 5% ownership goal. Simultaneously, Bitmine reduced its weekly share buyback to 1.7 million shares, marking the third consecutive decline. These growing holdings may influence market dynamics and boost Ethereum's prominence in future crypto cycles.