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1h ago

BitMine Says ETH Holdings Top 3.5 Million as Assets Reach $13.2 Billion

The firm reports OTC buying during last week’s dip to advance toward a 5% share of ether’s supply.

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

  • BitMine added 110,288 ETH over the past week, a 34% increase from the prior week’s pace following a price pullback.
  • The company now holds 3,505,723 ETH plus 192 BTC, a $61 million stake in Eightco, and $398 million in unencumbered cash, totaling $13.2 billion.
  • The ETH position represents roughly 2.9% of circulating supply, surpassing the halfway mark toward its stated 5% target.
  • Unencumbered cash rose to $398 million, which the company says enhances its capacity for additional purchases.
  • BitMine says it is the largest corporate ETH treasury and the No. 2 overall digital‑asset treasury behind Strategy (MSTR), and reports five‑day average trading volume of $1.6 billion that ranks its stock 48th in the U.S.