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Bitmine Buys $70 Million in Ethereum, Nearing 5% of Supply

Tom Lee's firm acquires 28,086 ETH to reach 4.9% of the total supply despite facing significant unrealized losses.

4 publishers · 4 articles · first seen 8 Sept 2026 · updated 16h ago

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  1. Bitmine purchased another $69 million of ETH, with Tom DeMark expecting price uptrend to soon resume CoinDesk ·
  2. Tom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH decrypt.co
  3. Bitmine nears 5% of Ethereum supply after buying 28,086 ETH The Block
  4. Bitmine buys 28k ETH, completes 97% of treasury accumulation goal Cointelegraph.com News

In this story

  • Bitmine
  • Tom Lee
  • Ethereum

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