Bitmine Names Young Kim CFO and COO as It Pursues 5% Control of Ethereum Supply

Bitmine Immersion Technologies has appointed Young Kim as its new Chief Financial Officer and Chief Operating Officer, reporting to Chairman Thomas "Tom" Lee. The leadership change is tied to Bitmine's plan to expand its Ethereum holdings from the current 3.43% of ETH supply toward a 5% target, a move that could affect Ethereum liquidity and market structure. Recent market data shows Ethereum trading around $3,092.87 with a market capitalization near $373.29 billion.