CroSat
altcoinOct 12, 2026AI summary

Bitmine Buys $32M in ETH, Taking Holdings to 6.03 Million

Bitmine added $32 million in Ethereum as Tom Lee indicated the firm's accumulation strategy is nearing completion.

Bitmine Buys $32M in ETH, Taking Holdings to 6.03 Million

Ethereum treasury company Bitmine has purchased another $32 million worth of ETH, according to Decrypt.

The addition brings its holdings to 6.03 million ETH, equivalent to approximately 4.9% of the cryptocurrency's supply.

Tom Lee said the firm is close to finishing its accumulation. He also forecast a crypto bull market larger than any previous cycle, an outlook rather than a confirmed market development.

Source: Decrypt

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