Bitmine Slows Ethereum Buying After Holdings Top 5.2 Million ETH

From financefeeds.com

Bitmine Immersion Technologies sharply slowed its weekly Ethereum purchases after months of rapid accumulation that made it the world’s largest Ethereum treasury company. The Tom Lee-chaired firm bought 26,659 ETH last week, worth about $62.1 million at current prices. The latest purchase lifted Bitmine’s Ethereum holdings to 5,206,790 ETH, valued at about $12.1 billion. Bitmine said its total crypto and cash holdings now stand at $13.4 billion. Its ETH holdings equal about 4.3% of Ethereum’s current circulating supply of about 120.7 million ETH. “We have decided to slow down our pace of weekly accumulation ... (full story)