@hoangkhong01.base.eth
BitMine, an Ethereum treasury firm led by Fundstrat co-founder Tom Lee, has continued its aggressive crypto accumulation strategy, purchasing about $88 million in ETH, according to on-chain data.
Lookonchain, citing Arkham, reported that BitMine acquired 29,462 ETH via BitGo and Kraken. While the company has not confirmed these specific transactions, it recently stated that it bought 98,852 ETH last week.
Listed on the NYSE, BitMine now holds 4.06 million ETH at an average cost of $2,991, valuing its Ethereum reserves at roughly $12 billion. As the world’s largest ETH holder, BitMine aims to accumulate 5% of the circulating supply, reaffirming its belief in Ethereum’s long-term role in reshaping global finance.
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