BitMine Surpasses $10 Billion in Ethereum Holdings Amid Tom Lee's Buying Spree

BitMine's Ethereum holdings have reached $10.4 billion, comprising 5.62 million ETH and making up 4.66% of the cryptocurrency's total supply.

This represents a significant accumulation, with BitMine adding 76,881 ETH over the past week alone.

Chairman Tom Lee maintains that Ethereum's recent weakness is not reflective of improving fundamentals, stating that he expects to reach the company's goal of owning 5% of all Ethereum sometime in 2026.