
BitMine (BMNR) recently acquired 203,826 Ethereum (ETH) tokens, bringing its total holdings to 3.24 million ETH, or 2.7% of the total supply. This acquisition follows a significant deleveraging event in the crypto market, which Tom Lee views as a price dislocation creating an attractive risk/reward for ETH given an expected "Supercycle." BMNR is actively pursuing a goal of owning 5% of ETH supply and is highly liquid, trading $2.1 billion daily.