16h ago
Tom Lee'S Bitmine Now Holds 4% Of The Total $Eth Supply
Bitmine Immersion Technologies (@BitMNR) has announced that its total crypto and cash holdings have reached $11.8 billion following its strategic uplisting to the New York Stock Exchange (@NYSE).
The firm now holds 4.875 million $ETH, representing over 4% of the global supply, with $7.4 billion of those assets currently staked.
Chairman Tom Lee (@fundstrat) identified Ethereum as the cycle's premier "wartime store of value," significantly outperforming both gold and the S&P 500 since the war in Iran began.
The company is also scaling its MAVAN validator network to provide institutional-grade staking infrastructure for external partners.
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