As Ethereum-focused activity gains momentum again, it has been revealed that two new wallets belonging to Bitmine have made a total ETH purchase worth $130 million.
According to on-chain analyses, this transaction perfectly aligns with the company's past purchasing patterns. Bitmine purchased 97,650 ETH just this week, becoming a giant company that holds 3.16% of Ethereum's supply by raising its current assets to $12 billion.
Bitmine chairman Tom Lee drew attention with his statement at Binance Blockchain Week, saying that Ethereum could reach $62,000 in the coming months.
Lee compared the current process of Ethereum to the breaking periods in U.S. financial history, stating, “Ethereum is experiencing its own 1971 moment this year.” According to Lee, this milestone will become even more pronounced with the rapid tokenization of real-world assets on the blockchain in 2025.
Lee said, “In 2025, we are tokenizing everything. It's not just dollars... stocks, bonds, real estate. Wall Street will restructure all these products by moving them to smart contract platforms.”
Stay tuned for new developments
