00:00 Speaker A
Bitmine added another 74 million in Ether as Tom Lee bets on clarity Act boost. Okay, that that back half seems like nonsense because nobody right now is handicapping the odds of the clarity Act passing at higher than 50%. This has been his strategy all along, so I think that this is a nonsensical narrative. But more importantly, Tom Lee is not stopping, his strategy has not changed at all. He is still finding more ways to buy Ethereum and now is rapidly, rapidly approaching his goal of owning 5% of the supply. Strategy actually getting relatively close uh before this sell to owning 5% of the Bitcoin supply as well. So, they bought 42,197 ETH.
00:41 Speaker A
$74 million. This lifts their holdings to 5.74 million ETH, about $10 billion, which is 4.8% of all Ether. Like I said, getting very, very close to that 5% target that we were talking about. So right now we have two Treasury companies that are going in opposite directions. That said, I believe that strategy will soon be buying Bitcoin again.
