BitMine, led by Fundstrat's Tom Lee, acquired 8,573 ETH last week and now holds 6.06M ETH (4.96% of total supply), approaching a stated 5% accumulation target.
Macro & Markets ·
BitMine accumulated 8,573 ETH over a one-week period, expanding its total Ethereum holdings to 6,060,506 ETH, representing approximately 4.9% of Ethereum's circulating supply. The company currently has 5,227,037 ETH in staked positions across its portfolio.
Beyond its Ethereum position, BitMine's aggregate crypto, cash, marketable securities and other investments total roughly $14.5 billion, with $498 million held specifically in cash and marketable securities. This latest acquisition continues the company's pattern of increasing exposure to Ethereum.
The pace and scale of this weekly accumulation underscore sustained demand among large holders, though the broader context—whether this reflects strategic positioning ahead of network developments, market conditions, or portfolio rebalancing—remains unclear from the available data.