Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line

Bitmine, chaired by Tom Lee, purchased $30 million of Ethereum, lifting its holdings to 6.04 million ETH. That stash amounts to 4.9% of Ethereum’s supply and places Bitmine 99% of the way toward its Alchemy of 5% goal, which calls for owning 5% of the cryptocurrency’s supply. The purchase leaves the company’s accumulation effort nearly complete. Lee described a broad selloff across the market as an appealing opportunity to buy.