Post by Augustine Chiagozie (@pabloexchange)

Bitmine keeps accumulating ETH.

Tom Lee’s Ethereum treasury firm bought another 42,197 ETH, worth around $74M, bringing its total holdings to 5.74M ETH - about 4.8% of Ethereum’s circulating supply.

The move comes as Bitmine pushes closer to its goal of holding 5% of ETH supply, while Strategy recently sold about $216M in BTC to raise cash.

Lee linked ETH’s recent strength to rising optimism around the Clarity Act, saying regulatory clarity could be a major catalyst for smart contract platforms like Ethereum.

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