Tom Lee: 'ETH's Price Doesn't Reflect The Strengthening Of Ethereum's Fundamentals'

Bitmine Immersion (NASDAQ:BMNR) bought 26,497 Ethereum (CRYPTO: ETH) worth roughly $53 million last week, cutting its weekly purchase pace by more than 75% after the prior week's 120,000 ETH haul. Firm Now Holds 4.49% Of Ethereum's Circulating Supply The latest purchase lifts Bitmine's total holdings to 5.42 million ETH, putting the firm about 90% of the way toward its stated goal of owning 5% of Ethereum's circulating supply.