According to Decrypt, Bitmine has purchased an additional $41 million worth of Ethereum. This latest purchase pushes the company’s total holdings above six million ETH, which represents approximately 4.9 percent of the overall Ethereum supply and brings Bitmine to 99 percent of its stated “Alchemy of 5%” target. The announcement follows the company’s ongoing accumulation strategy. Chairman Tom Lee described Ethereum as “dwarfing” other macro assets in a recent statement.
