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Bitmine of Tom Lee has purchased an additional approximately 35.268 ETH worth over $108 million in the past week, increasing the total holdings to over 4.2 million ETH, equivalent to nearly 3.5% of the circulating Ethereum supply with a value of over $12.8 billion. The company is also holding: 192 Bitcoin worth $17.4 million + approximately $979 million in cash.
The amount of ETH the company has staked has increased from about 1.25 million to 1.83 million ETH, accounting for nearly 44% of the total portfolio, and the company expects that staking all assets could generate over $1 million per day.
Bitmine stated that the steadily increasing ETH-to-Bitcoin ratio since mid-October indicates that investors are increasingly recognizing that applications such as tokenization and products developed by Wall Street are being built on Ethereum.#JoinGateTradFitoWinGoldPack #TariffTensionsHitCryptoMarket $ETH $BTC