Summary
- Bitmain Emergence said it added 200,000 Ethereum to its reserves.
- Bitmain said it holds a total of 2,069,443 ETH along with 192 BTC and $266 million in cash.
- Tom Lee said Bitmain reached the 2 million ETH milestone and expects an Ethereum supercycle to begin.
Last week, Nasdaq-listed Bitmain Emergence reportedly acquired an additional approximately 200,000 Ethereum (ETH).
On the 8th (local time), according to PR Newswire, Bitmain said in a press release, "Last week we added 202,469 ETH to our reserves," and "our current Ethereum holdings have reached nearly 2,069,443." It added that it also holds 192 Bitcoin (BTC) and $266 million in cash.
Tom Lee, Bitmain's chairman, said, "Last week Bitmain passed the milestone of 2 million ETH," and "an Ethereum supercycle will begin going forward."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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