Tom Lee's BitMine, a cryptocurrency investment firm led by the outspoken bitcoin bull Tom Lee, has slowed its purchasing of ether. The company added only 7,430 ETH to its holdings last week, worth approximately $14 million.
Source
"Tom Lee's BitMine Slows Ether Purchases Amid Stock Buyback" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
BitMine is nearing its goal to corner 5% of Ethereum's supply and appears to be prioritizing other financial obligations over new ether acquisitions.
ETH · 7D · $1,941+8.8%