Tom Lee’s BitMine Increases Ethereum Holdings to 5.70M ETH

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BitMine acquired an additional 27,084 ETH over the past week, increasing its total Ethereum holdings to 5.70 million ETH, or about 4.7% of the network’s total supply. The company also reported holding $555 million in cash and marketable securities, with 4.88 million ETH currently staked. Based on current holdings, BitMine projects annualized staking revenue of …