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BitMine continues to buy an additional 14.618 ETH, increasing its hold to nearly 11 billion USD.
Tom Lee's BitMine Immersion Technologies is said to have expanded its Ethereum holdings by adding 14.618 ETH to its reserves on Thursday. Lookonchain, citing Arkham data, reported that the company purchased approximately 44.34 million USD worth of ETH through the wallet “0xbd0…E75B8” from BitGo at around 5:07 PM. This transaction has not yet been officially confirmed by BitMine.
This information appeared just a few days after BitMine announced the purchase of an additional 200 million USD ETH. According to the latest update, BitMine is holding 3,629,701 ETH worth approximately 10.9 billion USD, equivalent to about 3% of the total Ethereum supply.
The company has repeatedly affirmed its goal to hold 5% of the total supply. Chairman Tom Lee has also continuously expressed his belief that major financial institutions and the US government will increasingly support Ethereum as a neutral and scalable blockchain for the future market infrastructure.