Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost
The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.
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Summary
- Bitmine Immersion bought 42,197 ether last week, worth about $74 million, continung its buying spree.
- Chairman Thomas Lee attributed ETH’s recent outperformance of bitcoin and Bitmine’s continued accumulation to rising investor optimism that the proposed Clarity Act will pass and bring greater regulatory certainty to crypto, especially Ethereum.
- Bitmine now holds 4.8% of ether supply, inching closer to its goal to corner 5% of the asset’s supply.
