One Company Owns 4.7% of All Ethereum — and It’s Sitting on $10.7 Billion in Losses
Tom Lee’s Bitmine has hoovered up 5.7 million ETH in 11 months, cornering nearly 5% of the entire supply. The problem? Its average buy price is $3,476 and ETH trades at $1,569. Russell 1000 inclusion means your pension fund may now own Ethereum whether you like it or not.
One Company Owns 4.7% of All Ethereum — and It’s Sitting on $10.7 Billion in Losses Read More »