The post Tom Lee’s Bitmine Immersion Now Hold 3.4% ETH Supply appeared first on Coinpedia Fintech News
Bitmine Immersion, led by Tom Lee, has now accumulated a 3.4% share of the total Ethereum circulating supply. As Bitmine emerged as one of the largest ETH holders, exchange supply dropped sharply, with only 16.3 million ETH left for trading.
Despite this strong accumulation, Ethereum’s price has slipped by around 4%, trading below the $3,200 level.
Bitmine Holds 3.4% of Ethereum Supply
According to the latest data, Bitmine Immersion now controls more than 4.167 million ETH, equal to about 3.4% of Ethereum’s circulating supply. With a value of nearly $13.32 billion, this makes Bitmine one of the largest ETH holders in the world.
Bitmine’s steady accumulation over recent months clearly aligns with Chairman Tom Lee’s long-term vision of owning close to 5% of Ethereum’s total supply. The slow and consistent buying shows a long-term belief in ETH, not a short-term
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