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Crypto Market

BitMine Expands Ethereum Holdings to 2.9% of Circulating Supply with Latest Purchase

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BitMine, led by Chairman Tom Lee, has expanded its Ethereum holdings to 2.9% of the circulating supply after acquiring 110,288 ETH during a price dip, highlighting strategic accumulation in a volatile market. This move, part of a goal to reach 5% ownership, underscores growing institutional engagement with Ethereum, supported by network upgrades that maintain low fees amid record activity.