Market Flux Event
Bitmine Adds 12,532 ETH for $32M, Reaching 99% of Its 5% Supply Accumulation Target
Read this in the Market Flux appBitmine, the Ethereum treasury company backed by Tom Lee, purchased 12,532 ETH last week for approximately $31-32 million, bringing its total holdings to 6.03 million ETH. That figure represents 4.9% of Ethereum's total circulating supply and puts the firm at 99% of its stated target of accumulating 5% of supply. Of those holdings, 84% are currently staked.
Lee signaled the buying phase is nearly over, describing the firm as almost "done stacking," while also forecasting that ETH will reach $5,000 by year-end and predicting that the next crypto cycle could be the largest bull market in the asset class's history. Bitmine's total ETH position is now valued at approximately $15.3 billion, and Lee expects BMNR shares to outperform during that anticipated rally.
© AI-generated summary is provided by Market Flux
Sources
- AshCryptoBREAKING: 🇺🇸 Michael Saylor's Strategy just bought $21 million worth of Bitcoin.
- CoinpediaBitmine Reports $16.2 Billion in Crypto Holdings With 6 Million ETH
- Marketsday$BMNR Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.03 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $16.2 Billion
- WatcherGuruJUST IN: Tom Lee's 'BitMine' buys 12,532 $ETH worth $31 million.
- Cointelegraph🔥 JUST IN: BitMine added 12,532 $ETH last week, lifting holdings to 6.03M $ETH, reaching 99% of its 5% accumulation target.
- Seeking AlphaBitmine Immersion's $16.2B crypto treasury: 6M ETH and bull-run bet
- DecryptBitmine Adds $32M in Ethereum as Tom Lee Says Firm Is Nearly 'Done Stacking'
- The BlockBitmine adds 12,532 ETH as Tom Lee flags potential ‘largest-ever’ crypto bull market
Show 2 more
- CoinGapeMedia🚨 Bitmine Adds 12,532 ETH #Bitmine’s Ethereum holdings reached 6.03 million ethereum:native , representing over 4.9% of total supply, as Tom Lee predicts $BMNR will outperform the next crypto bull market. 🔗 Know more in comments
- BitcoinNewsNEW: 💰 Bitmine now holds 6.03M $ETH, 4.9% of Ethereum's supply, with only ~76,000 ETH left to reach its 5% target. The firm has bought ETH every week since June 30, 2025, with 84% of its treasury staked (12.9B).