CoinTelegraph
Bitmine, the Ethereum treasury company chaired by Tom Lee, bought 10,452 ETH last week, lifting total holdings to 6.05 million ETH. That position now represents 4.95% of Ethereum's total supply, just under the 5% threshold.
Why it matters
Bitmine's buying is the most aggressive institutional accumulation of ETH on record, and the pace matters as much as the size. Every week of net purchases locks more supply away from liquid markets, a dynamic that has historically amplified price moves when demand rises.
Market impact
Crossing the 5% mark would be a symbolic milestone for institutional Ethereum exposure, and the treasury's purchases continue to serve as a visible bid under the market. Watchers will be tracking whether the weekly cadence holds and how much liquid supply remains available as treasuries and ETFs absorb more of the float.
Frequently asked questions
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How much ETH does Bitmine hold after the latest purchase?
Bitmine's total holdings now stand at 6.05 million ETH after buying 10,452 ETH last week, equal to 4.95% of Ethereum's total supply.
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Who chairs Bitmine?
Bitmine is chaired by Tom Lee, the Wall Street strategist known for his long-running bullish calls on crypto assets.
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What percentage of Ethereum's supply does Bitmine own?
Bitmine owns 4.95% of Ethereum's total supply, just under the 5% threshold, a level no other single treasury has approached.
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Why does Bitmine's ETH accumulation matter for the market?
Each purchase moves ETH from liquid circulation into a long-term treasury, tightening the available float and potentially amplifying price moves when demand rises.
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How much ETH did Bitmine buy last week?
Bitmine purchased 10,452 ETH last week, continuing a weekly accumulation cadence that has made it the largest Ethereum treasury company.
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