Tom Lee's Bitmine amasses 4.874 million ETH, about 4.04% of total supply; crypto and cash holdings hit $11.8 billion

Bitmine, led by Tom Lee, has built an Ethereum position of 4.874 million ETH, equivalent to roughly 4.04% of total ETH in circulation. The firm said its combined cryptocurrency and cash holdings total $11.8 billion. Bitmine has also moved its listing up to the NYSE and is currently staking 3.33 million ETH.