BitMine Buys 101,627 More Ether, Bringing Holdings to 4.12% of Total Supply

Source

Uk Jin

Summary

BitMine said it bought an additional 101,627 Ether.
BitMine’s total Ether holdings rose to 4.976 million, equal to about 4.12%% of total supply.
Chairman Tom Lee said the rebound in Ether prices, the expansion of blockchain-based finance, and rising demand for artificial intelligence (AI) are acting as tailwinds.

Forecast Trend Report by Period

BitMine, an Ethereum treasury company, said it bought an additional 101,627 Ether last week.

According to a PR Newswire release on April 20, the purchase lifted BitMine’s total Ether holdings to 4.976 million tokens, equivalent to about 4.12% of Ethereum’s roughly 120.7 million total supply.

Chairman Tom Lee said the recent rebound in Ether prices suggests the broader digital-asset market is entering a recovery phase.

He added that the expansion of blockchain-based finance and rising demand for artificial intelligence are supporting the rally.

ETH