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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.
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TokenPost broke the news on Monday, August 17, 2026.
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