Particle.news
Download on the App Store
10 ARTICLES
·
3h ago

BitMine Adds 110,000 ETH, Pushing Holdings to 3.5 Million and 2.9% of Supply

A gap between the company’s disclosure and third‑party on‑chain tallies is sharpening calls for clearer attribution.

Tom Lee's BitMine reports $13.2 billion in crypto and cash as ETH stack tops 3.5 million tokens
Image
Image
Image

Overview

  • BitMine said it bought 110,288 ETH in the week ended Nov. 9, bringing its treasury to 3,505,723 tokens, or roughly 2.9% of Ethereum’s supply.
  • The company reported $13.2 billion in combined crypto, cash and investments, including $398 million in unencumbered cash, 192 BTC and a $61 million stake in Eightco.
  • Shares rose about 5–6% following the update, with BMNR averaging $1.6 billion in daily dollar volume over five sessions to rank 48th among U.S. stocks.
  • BitMine says it is the largest corporate holder of ETH and the second‑largest overall crypto treasury behind Strategy Inc., and it is targeting ownership of 5% of ETH supply.
  • Independent trackers report lower verified ETH balances than BitMine’s total, with Arkham at 3.232 million and The Block at 2.830 million, raising verification questions for investors.