Market Flux Event
BitMine Acquires 10,452 ETH for $24 Million, Reaches 4.95% of Ethereum Supply
Read this in the Market Flux appBitMine, the Ethereum treasury company co-founded by Fundstrat's Tom Lee, purchased 10,452 ETH worth approximately $24.29 million last week, bringing its total holdings to 6.05 million ETH valued at roughly $14 billion. The latest acquisition represents about 4.95% of Ethereum's total circulating supply, edging the company closer to its stated 5% accumulation target.
Alongside the ETH purchase, BitMine also repurchased 2.04 million of its own shares during the same week, a move analysts say signals management confidence in both Ethereum's value and shareholder returns. Tom Lee has publicly forecast that ETH will trade above $10,000 within the next 12 months, a level that would represent a significant premium to current prices.
BitMine has been buying ETH every week since launching its treasury strategy in June 2025. With holdings now at 4.95% of supply and a 5% target in sight, the company appears to be in the final stretch of its accumulation phase.
© AI-generated summary is provided by Market Flux
Sources
- Crypto BriefingBitMine adds 10,452 ETH and buys back 2.04 million shares in a single week
- CPOfficialtxUPDATE: @Strive has acquired another 6,182 bitcoin:native, bringing its total Bitcoin holdings to a massive 43,000 BTC. The latest acquisition further strengthens Strive's position as a major corporate Bitcoin treasury holder.
- Cointelegraph🔥 JUST IN: Tom Lee’s Bitmine bought 10,452 $ETH last week. Total holdings now stand at 6.05M ETH, or 4.95% of the supply.
- Seeking AlphaERC: A -3.2 Z-Score Signals A Rare Bargain In Fixed Income
- AshCryptoBREAKING: Tom Lee's BitMine bought $24.29 Million worth of $ETH, bringing its total holdings to $14 Billion. Tom Lee expects ETH to trade above $10,000 over the next 12 months.
- WatcherGuruJUST IN: Tom Lee's 'BitMine' buys 10,452 $ETH worth $24 million.
- CoingapeTom Lee's Bitmine Adds 10,452 ETH, Repurchases 2M BMNR Shares
- CoincuofficialA crypto mining company just flexed 6.05M ETH and $15B in total holdings. Corporate crypto treasuries are evolving fast. 👉 #ETH #Crypto #BMNR
Show 17 more
- JesseCohenInvThe Fed’s interest rate policy meeting on Wednesday could rattle markets. The US central bank is widely expected to keep rates on hold this week. However, Fed Chair Kevin Warsh could signal a hike at the next meeting in December.
- MikeZaccardiYields fall to the morning's low... $TSLA leads the SPX Discretionary indeed best S&P 500 sector ETF at the open
- CoinspressStrategy Snaps BTC Streak as BitMine Expands ETH Treasury
- CoinGapeMedia🚨 #Vanguard ETF Discloses First Purchase of 4.5M Shares in #Bitcoin Treasury #Metaplanet 🔗 Full story in comments
- BenzingaBitmine Adds 10,452 ETH as BMNR Struggles Below $24: What's Going On?
- BriefingcomThe $SPX is near record highs, yet it's barely moved since June despite a 15% jump in forward earnings estimates. Valuations are contracting as investors question whether growth can last. Is this a healthy reset or a warning sign? Read the latest Big Picture column: #Earnings #AI #OilPrices #FederalReserve #TreasuryYields #stockmarket #TheBigPicture
- Crypto NewsBitmine adds 10,452 ETH as share buybacks approach $400M
- Interest_RatesSynchronized global rate hikes tell us something bigger is happening: shared inflationary pressure, tightening financial conditions everywhere at once, and a global economy moving in the same direction. The question is what comes next. 💬 #AskTheEconomist breaks it down.
- Crypto EconomyBitcoin and Gold Trail Short-Term Treasury Bills in 2026 Asset Rankings
- The BlockTom Lee insists ‘crypto bull market is underway' as Bitmine adds 10,452 ETH
- Altcoin BuzzBitMine Buys More ETH, Nears 5% Supply Target
- BitcoinEther Giant Bitmine Bets Big on Itself With $400M in Share Repurchases
- TokenpostBitmine Adds 10,452 Ether as Staked Balance Reaches 5.23 Million
- UtodayBitMine Ethereum Stash Hits $14 Billion After Latest Buy
- DecryptTom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks
- Coin DeskTom Lee's Bitmine favors share buybacks to ether purchases as crypto declines
- CoindeskTom Lee's Bitmine favors share buybacks to ether purchases as crypto declines