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16h ago

BitMine’s Ether Stash Tops 1.52 Million, Elevating It to No. 2 Corporate Crypto Treasury

The Tom Lee-led company is funding rapid accumulation through stock sales with institutional backing to chase a stated 5% share of Ethereum’s supply.

BitMine’s $1.7b weekly haul pushes Ethereum holdings past $6.6b
Tom Lee's BitMine reports over $6.6 billion in Ethereum and Bitcoin
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Overview

  • An SEC filing shows BitMine holds 1,523,373 ETH and 192 BTC valued at roughly $6.6 billion.
  • The company added about 373,000 ETH in a week, increasing its crypto assets by approximately $1.7 billion.
  • BitMine says it is pursuing ownership of up to 5% of circulating ETH, using at-the-market offerings and other equity programs to finance purchases.
  • BMNR shares fell around 7% on Monday as ETH retreated, yet recent five-day average dollar volume was about $6.4 billion, placing the stock among the 10 most liquid in the U.S.
  • Cited backers include ARK Invest, Founders Fund, Pantera, Galaxy Digital, Kraken, DCG and Bill Miller III, while trackers report treasuries plus ETH ETFs now control more than 8% of supply.