On June 10, on-chain data showed Bitmine added another 25,000 ETH worth approximately $42 million. As ETH recently broke below $1,700, Bitmine continues to accumulate at lower prices. Total holdings now stand at about 5.42 million ETH, representing roughly 4.5% of circulating supply, with over 85% staked and annualized staking income of about $230 million. Chairman Tom Lee said the pullback does not reflect Ethereum's strengthening fundamentals, as the firm pushes toward its 5% supply target.
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