Tom Lee's BitMine has aggressively been accumulating Ethereum with the Target of 4% Supply of total ETH Circulation. It had firm belief in ETH's stability and yield Generation.

According to BlockBeats, BitMine's Chairman Tom Lee announced that the company is nearing ownership of 4% of Ethereum's total supply. Lee emphasized that BitMine has been acquiring Ethereum at an accelerated pace and expressed confidence that the company will never sell these holdings. He noted that staking the Ethereum currently held by BitMine could generate over $1 million in net income daily.