Bitmine adds $233M in ETH in a week, boosts total holdings to $11.2B

Arkham data shows Tom Lee's Bitmine disclosed it bought $233 million worth of ETH over the past week. The firm's total ETH position has climbed to $11.2 billion, equivalent to 4.47% of Ethereum's total supply. To reach the 5% threshold, Lee would need to purchase another $1.34 billion in ETH, a target that could be met by mid-September if the current buying pace continues.