Bitmine Buys 53,501 ETH, Nears 5% Ethereum Supply Goal

Bitmine Immersion Technologies purchased another 53,501 ETH for approximately $131.3 million, increasing its total holdings to 5,901,112 ETH worth roughly $14.5 billion. Chairman Tom Lee expects strong crypto market performance to attract greater institutional demand, following a 32,447 ETH acquisition the previous week.