Lookonchain
Tom Lee's Bitmine bought 12,532 ETH worth $31.67 million last week, lifting its holdings to 6,028,946 ETH valued at $15.24 billion. The position represents 4.94% of Ethereum's total supply.
Why it matters
Bitmine's stated accumulation target is 5% of ETH supply. With 77,442 ETH remaining, the treasury is close to that threshold, making its buying pace and supply concentration important signals for investors tracking institutional demand.
Market impact
The purchase adds to Bitmine's existing ETH position rather than marking a one-off holding. Reaching the 5% target would further concentrate a measurable share of ETH supply in the treasury, while future accumulation remains the key figure to watch.
Frequently asked questions
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How much ETH did Bitmine buy last week?
Bitmine bought 12,532 ETH last week, valued at $31.67 million.
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How much ETH does Bitmine hold now?
Bitmine holds 6,028,946 ETH, valued at $15.24 billion.
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What share of Ethereum supply does Bitmine control?
Bitmine's holdings represent 4.94% of Ethereum's total supply.
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How close is Bitmine to its 5% ETH target?
Bitmine is 77,442 ETH away from reaching its stated 5% accumulation target.
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Why does Bitmine's accumulation matter for ETH investors?
The purchases add to an existing treasury position and increase the share of ETH held by Bitmine, making future buying a signal for institutional demand and supply concentration.
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