Source: Decrypt ↗
Tom Lee's Bitmine Buys $14M in Ethereum as Cash Falls to $104M
What the source reports
Bitmine has reported 4.8% of the supply for five straight weeks, leaving its 'Alchemy of 5%' target roughly 230,000 tokens away.
Read the original report on Decrypt ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Exclusive: Marex plans to accept Bitcoin, Ethereum as initial margin this year
Bitmine’s ETH buying slows as Tom Lee's firm shifts capital to share buybacks
Chairman Tom Lee said easing financial conditions could support crypto, even as the CLARITY Act failed to reach a Senate vote before the August recess.
Morning Minute: Bitcoin ETFs See Biggest Inflows Since May
And the ETH inflows were even bigger, when factoring in market cap.