Ethereum
BitMine Approaches 5% of Ethereum Supply as Network Expansion Accelerates
BitMine's ether holdings near 5% of total supply, but the ongoing growth of the Ethereum network outpaces acquisition momentum.
BitMine currently holds 4.79% of all ether in circulation. According to commentary from Tom Lee, the company aims to reach a 5% stake, but faces a structural challenge: the Ethereum supply is expanding faster than BitMine can accumulate tokens through purchases.
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