Ethereum
Tom Lee's BitMine adds to Ethereum holdings, nearing 5% target
BitMine purchased another 7,391 ETH last week, bringing its stake closer to its stated ownership goal.
BitMine added 7,391 ETH in the latest week, bringing total holdings to approximately 5.8 million tokens, or about 4.8% of Ethereum's supply. The company has been acquiring ETH weekly since launching its treasury strategy in 2025 and is approaching its 5% ownership target. More than 4.9 million of its ETH holdings are already staked through its MAVAN setup, which the company reports generates an estimated $250 million in annual yield at current rates. BitMine is running its ETH purchases alongside an ongoing share buyback programme.
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