Bitmine's Crypto Holdings Reach $11 Billion Amid Ethereum Purchases

Bitmine has reported that its combined cryptocurrency and cash holdings have reached $11 billion, driven by accelerated Ethereum acquisitions during the ongoing U.S.-Iran conflict. According to NS3.AI, as of March 22, Bitmine held 4,660,903 ETH, representing 3.86% of Ethereum's circulating supply, following the purchase of 65,341 ETH in the past week. Thomas Lee expressed a positive outlook on Ethereum, citing its recent strength and the progress of the CLARITY Act as supportive factors.