Tom Lee's Bitmine now owns 4.8% of Ethereum supply after latest ETH purchase
The crypto treasury company bought another 9,926 ETH last week, extending a buying streak that began in June 2025.
Tom Lee, the Chairman of Ethereum treasury company Bitmine Immersion, has increased his company's holdings in Ethereum tokens. As of the latest announcement, Bitmine now owns 5.815 million ETH tokens, which represent a 4.8% share of the entire Ethereum supply. This significant increase comes after a series of weekly purchases that began in June 2025 when the company started its buyback program. The current value of these tokens is approximately $11 billion, given the present price of $1,904 per ETH.
Lee believes that the recent upward trend in the ETH/BTC ratio is a positive sign for investors. He points out that this shift may indicate growing demand for Ethereum driven by potential applications in tokenization and AI-agent systems. From a macro perspective, Lee anticipates that easing financial conditions will provide a boost to the crypto market. This positive outlook appears to be reflected in the market, with ETH showing a 1.6% increase over the past 24 hours, while the BMNR token is trading more than 2% higher.
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