Tom Lee said Ethereum's latest rally was "overdue." Just as he said it, Bitmine, which he helms, picked up another 32,447 ether.
According to The Block, Bitmine's total holdings — spanning crypto assets, cash, and other investments — now stand at $14.9 billion, with the firm's Ethereum stash accounting for more than 4.8% of circulating supply. That figure means every fresh purchase from Bitmine is stacking on top of an already sizable position.
Details such as the purchase price, timing, and funding source for this latest buy were not disclosed in the available material, so the above reflects only what has been confirmed.
