BitMine Adds $132 Million in ETH as Treasury Hits $12.24 Billion and Nears 4% Supply

BitMine, chaired by Tom Lee, has expanded its Ethereum holdings by purchasing $132 million worth of ETH over the past week, lifting its treasury to $12.24 billion. The firm now controls about 3.39% of Ethereum's circulating supply and may need roughly $2.2 billion more in ETH at current prices to approach a 4% ownership threshold.