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BitMine buys 101,901 more ether, total holdings rise to 5,078,386 ETH

BitMine Immersion Technologies bought an additional 101,901 ether last week, lifting its total holdings to 5,078,386 ETH. CoinDesk reported the holding equals about 4.21 percent of ether in circulation and the purchase is worth about $236 million at current prices. Chairman Tom Lee called crossing 5 million ether an important milestone toward securing 5 percent of supply. The company said it stakes about 3.7 million ether and is expanding staking services.