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4h ago

BitMine Adds 202,037 Ether, Lifts Treasury Above 3 Million Tokens

The purchase advances a stated plan to accumulate 5% of Ether’s supply.

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Tom Lee’s BitMine surpasses 50% of its goal to hold 5% of the Ethereum supply

Overview

  • BitMine reported total holdings of about 3.03 million ETH, equal to roughly 2.5% of the circulating supply.
  • Company leaders said the buying followed a liquidation-driven selloff, calling the price drop an opportunity to add at a discount.
  • Disclosures listed 192 BTC, a $135 million stake in Eightco Holdings, and about $104 million in cash, putting total treasury value near $12.6–$13.4 billion.
  • The new total confirms BitMine as the largest ETH treasury and the No. 2 corporate crypto treasury after Strategy (MSTR), as BMNR shares rose on the news.
  • On-chain analysts flagged large ETH withdrawals likely linked to BitMine during the crash, though wallet attribution has not been independently verified.