CoinDesk·4 min read·hard
Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost
K
Krisztian Sandor
✦AI Summary
Bitmine has increased its Ethereum holdings by $74 million, aiming to control 5% of the asset's circulating supply. Meanwhile, Strategy has reduced its bitcoin holdings, leading to market speculation about the impact of the proposed Clarity Act.
The latest purchase, worth roughly $74 million based on ether's current price of around $1,750, lifted the company's holdings to 5.74 million ETH, according to a Monday update . The stash is now worth about $10 billion and represents 4.8% of Ethereum's circulating supply, inching closer to the firm's goal of cornering 5% of the asset's supply.
businesscryptoeconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in