Bitmine Buys 101,627 Ethereum in Largest Weekly Purchase Since December

The update says Tom Lee’s Bitmine increased its Ethereum holdings to 4.98 million ETH, equivalent to about 4.1% of supply.

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Terms & Concepts
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
  • ETH supply: The total amount of ETH in circulation or existing on the Ethereum network at a given time.
  • Weekly purchase: A company’s crypto acquisition measured over a seven-day period, often used to track treasury accumulation trends.