BUSINESSJun 2 · 04:03 UTCCOINTELEGRAPHCointelegraph by Stephen Katte

Bitmine buys $52M ETH as Tom Lee says price not yet showing Ethereum’s strength

Bitmine purchased $52 million worth of ETH, aiming to hold 5% of Ethereum's total circulating supply of 120.6 million tokens. The company is currently 90% toward its target. Tom Lee noted that the price has not yet reflected Ethereum's full potential.

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