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Tom Lee’s Bitmine nears 5% Ethereum supply target with $20 million ETH buy as he predicts tokenization and AI ‘supercycle’

Bitmine bought another 9,587 ETH last week, closing in on its target of 5% of Ethereum's circulating supply.

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Circulating supply
A provider’s estimate of tokens in public circulation, used to calculate market cap.

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James Hunt, The Block

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