Tom Lee-Chaired Bitmine Adds 75,000 ETH for $123M; Holdings Rise Above 5.4M ETH

Bitmine Immersion Technologies bought 75,000 ETH for about $123 million on June 9, taking its ether holdings to more than 5.4 million ETH. The purchases were executed over roughly eight hours via Kraken and FalconX and distributed across three wallets, including two newly created ones. The firm says this represents over 5% of ethereum supply, while some onchain trackers put the share closer to 4.6%.