Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH Buy

Crypto Insight Summary: Publicly traded ether treasury firm Bitmine Immersion Technologies announced Monday that it has edged closer to its stated goal of obtaining 5% of the circulating ETH supply, adding about $41 million worth of the cryptocurrency to its holdings over the last week. Bitmine Nears 5% ETH Supply Target Bitmine said Monday that it obtained an […] Crypto Insight Analysis: Direction: Bullish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large institutional purchase boosts short-term demand and confidence.