Tom Lee's Bitmine nears 'Alchemy of 5%' goal after $135.62M ETH purchase

Bitmine, led by Fundstrat's Tom Lee (@fundstrat), bought an additional 76,881 ETH for $135.62M, reinforcing its status among the largest institutional holders of ether. The firm now holds 5,620,754 ETH valued at about $9.92B. Bitmine said it is 93% of the way to its 'Alchemy of 5%' target in 11 months, with its holdings representing 4.66% of total ETH supply.