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Bitmine increases Ethereum holdings by $92M, aiming for 5% of total supply

Bitmine, an investment company focused on Ethereum, added $92 million worth of the cryptocurrency to its deposits. This move affects Ethereum's market by increasing demand and reflects confidence in the cryptocurrency's future.
Bitmine, the largest Ethereum treasury firm, added $92 million of ETH. The company slowed its buying pace but remains on track to reach its goal of owning 5% of the total ETH supply. Tom Lee continues to believe in a "crypto spring" revival.