Bitmine took advantage of Ethereum’s dip below $2,200, purchasing more than 100,000 $ETH as it moves closer to its 5% supply target.
Chairman Tom Lee described the pullback as “an attractive opportunity,” with Bitmine acquiring an additional 111,942 ETH valued at over $235 million as of Tuesday.
The company now holds 5.39 million ETH, putting it roughly 89% of the way toward owning 5% of #Ethereum ’s total supply.