Bitmine's Tom Lee calls ether 'the wartime store of value' as holdings hit 4.87 million tokens
CoinDesk·4h ago·Positivity
What Happened
Bitmine Immersion Technologies holds 4.87 million ether worth $10.7 billion, achieving 81% of its 5% supply target. Chairman Tom Lee calls ether the wartime store of value, noting 17.4% gains since Iran conflict began seven weeks ago. The company staked 3.3 million ETH generating $212 million annual revenue. Bitmine maintains elevated purchase pace, buying 71,524 ETH last week. Total holdings including cash and investments reach $11.8 billion.
Key Entities
Bitmine Immersion Technologies (BMNR)Tom LeeEthereum (ETH)4.87 million ether$10.7 billionNew York Stock ExchangeCathie WoodArk Invest