Ethereum’s price action has witnessed surprise bullish upside in the past months and has outperformed Bitcoin in recent weeks. Behind the scenes, the leading altcoin has also witnessed a buyer unlike any other this year, and that buyer is BitMine.

The publicly traded firm has gone on an unprecedented spending spree, scooping up Ethereum at a pace that has seen its Ethereum reserves swell into the billions, making BitMine the largest publicly traded Ethereum treasury firm in the world.

BitMine’s Ethereum Strategy

BitMine’s buying spree is not just opportunistic but is part of a calculated mission. Under the leadership of Tom Lee, co-founder of Fundstrat and now BitMine’s chairman, the Bitcoin mining company has set its sights on acquiring 5% of Ethereum’s circulating supply, an

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