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yesterday

BitMine Buys Another $200 Million in Ether, Pushing Holdings Above 2.1 Million ETH

The company is pursuing Tom Lee’s “alchemy of 5%” plan to build a yield-generating Ethereum reserve.

Ethereum supply shock? BitMine adds $200 mln ETH in 48 hours
Blockchain detective uncovers bitmine’s 46,000 ethereum treasury increase
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Overview

  • On-chain analysts at Lookonchain flagged BitMine’s latest 46,255 ETH buy executed in three transactions via BitGo, totaling about $200.4 million.
  • The treasury now controls just over 2.1 million ETH worth more than $9 billion, or roughly 1.75% of the circulating supply, the largest public corporate stash.
  • BitMine says it intends to stake its holdings for 4–5% returns, with reporting estimating potential annual income near $100 million at current yields.
  • Ether prices ticked higher by around 2–3% as spot ETH ETF inflows resumed this week, with BlackRock’s iShares Ethereum Trust leading daily subscriptions.
  • Trackers show public companies collectively hold roughly 3.6 million ETH, while investor interest in BitMine includes fresh ARK Invest purchases of the stock.