BitMine Acquires $7.88 Billion in ETH, Becoming Largest Corporate Ethereum Holder

Tom Lee’s BitMine has made a significant move in the Ethereum market, acquiring 1.79 million ETH worth approximately $7.88 billion. This acquisition solidifies BitMine as the largest corporate Ethereum holder, controlling over 5% of the total supply. The move signals a shift towards Ethereum adoption by major institutional investors and strengthens the network’s security through increased staking.