Tom Lee's BitMine Is Close to Owning 5% of All ETH: What Happens to BMNR When It Does?
BitMine aims to own 5% of Ethereum supply, raising questions on future demand and strategy. The treasury company has already staked 5 million ETH, worth $257 million annually.
A company called BitMine is trying to collect a really big chunk of Ethereum (a digital money). When a company owns a lot of something, people wonder if that changes how much others want it or what the company will do next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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