Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Bitmine still needs to invest approximately $19 billion to reach its goal of "5% of Ethereum supply"
6hours ago

According to CryptoISO analysis, Tom Lee has reported that Bitmine currently holds 1.7 million ETH. To reach the goal of 5% of the supply, it needs to purchase an additional 4.3 million ETH.

At current prices, this transaction would cost approximately $19.5 billion, while when the ETH price approaches $4,200, this cost would drop to approximately $18.2 billion. With ETH's daily trading volume estimated at $30 billion to $50 billion, although purchases would be dispersed, this could provide support for prices.