Bitmine just scooped up another 28,000 ETH, putting them on the home stretch of their treasury accumulation play. They’ve now hit 97% of their target, aiming to lock down 5% of all Ethereum in circulation.

Bitmine Hits 97% of Its ETH Treasury Goal

This latest 28,000 ETH buy pushes Bitmine even closer to its endgame: holding 5% of all ETH supply. In percentage terms, they’re now 97% of the way there.

Tom Lee’s Team Sits on $5.1B Unrealized Loss

Meanwhile, Tom Lee’s crew is staring at a $5.1 billion unrealized loss on their main treasury asset. It’s a sharp contrast that shows just how different treasury strategies can play out in the ETH market.

Target: 5% of All ETH

Bitmine’s big goal is to stash away 5% of the total ETH supply in its treasury reserves. With the plan now 97% done, they’re just a small step away from the finish line.