BitMine’s Weekly ETH Buys Shrink to 12,532 as Tom Lee Says Stacking Is Done

BitMine said on Monday it bought 12,532 Ethereum in the week to October 11, its third small weekly purchase in a row, taking the treasury to 6,028,946 ETH, or 4.9% of the 122.1 million ETH in supply. The purchase followed the 15,112 ETH BitMine added in the week to October 4, and the company bought 17,362 ETH the week before that. The company marked its ETH at $2,544 per token, using Coinbase prices. At those levels, its crypto, cash, and equity stakes total $16.2 billion. Cash and marketable securities came to $612 million, down from $643 million a week earlier.