Tom Lee: Bitmine has been continuously buying ETH for over 60 weeks, just one step away from its holding target

Odaily News: Tom Lee, Chairman of Bitmine Immersion Technologies (BMNR), an Ethereum treasury company, said in a podcast interview that since launching the ETH treasury strategy, the company has been continuously buying ETH for over 60 weeks.

Tom Lee noted that Bitmine stands out not only for the scale of its holdings but also for the consistency of its continuous purchases. In contrast, Strategy (MSTR), led by Michael Saylor, has had some weeks during its Bitcoin accumulation where no purchases were made.

As the ETH holdings continue to expand, BitMine has recently slowed down its buying pace, and it has completed approximately 97% of its progress toward its set target of holding 5% of the ETH supply.