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.
15minutes ago
Planet Evening News | August 28
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