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Bitmine Buys 1M ETH, Eyes 5% Ethereum Stake
Description
Bitmine, led by chairman Tom Lee, has accumulated over five million ETH, marking a significant 4.31% of the circulating supply. Despite slowing down their purchases, they remain committed to their long-term goal of reaching 5%. With a diverse portfolio valued at $13.4 billion, including Bitcoin and cash, Bitmine is positioned as a top Ethereum treasury player. Lee predicts a crypto spring, with ethers recent bounce and improved tech stock sentiment, potentially setting the stage for substantial growth.
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