Tom Lee's Bitmine now owns 4.8% of Ethereum supply after latest ETH purchase
- On Monday, Bitmine Immersion Technologies disclosed acquiring 9,926 Ether during the week ending Aug. 16, bringing total holdings to roughly 5.82 million ETH, or about 4.8% of Ethereum's circulating supply.
- Chairman Tom Lee's firm has maintained weekly purchases since June 2025, targeting the 'Alchemy of 5%' strategic goal of owning 5% of total Ethereum supply despite challenging market conditions.
- At a reference price of $1,893, Bitmine's holdings are valued at roughly $11 billion, though the company faces unrealized losses around 43%, totaling more than $8.4 billion.
- Staking operations involving more than 5 million ETH generate projected annual rewards of roughly $287 million, providing predictable yield regardless of short-term price fluctuations.
- Lee expects "easing financial conditions to be a tailwind for crypto," citing growing demand from tokenization and AI-agent applications as signs of broader Ethereum ecosystem adoption.
25 Articles
25 Articles
Watch CNBC's full interview with Pence Capital Management's Dryden Pence and Fundstrat's Tom Lee
Dryden Pence, Pence Capital Management CIO, and Tom Lee, Fundstrat head of research, join 'Power Lunch' to discuss if Wall Street is underestimating the true costs of the AI arms race and if investors should be worried.
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.82 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion - BlockTelegraph
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 14 months In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto Bitmine repurchased 1.7 million shares of common stock in the past week, and has repurchased over 20.8 million shares cumulatively since July 2026 under its previously announ…
Bitmine Nears 5% Ethereum Goal After Adding Another 9,926 ETH
The post Bitmine Nears 5% Ethereum Goal After Adding Another 9,926 ETH appeared first on Coinpedia Fintech News Tom Lee-backed Bitmine Immersion Technologies is getting surprisingly close to one of the largest crypto treasury targets in the market: owning 5% of Ethereum’s total supply. After another...
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium













