Tom Lee: BitMine on track to hold 5% of Ethereum supply within six weeks!

Fundstrat co-founder Tom Lee has flagged that BitMine could accumulate a position equivalent to 5% of Ethereum's circulating supply in approximately six weeks if the company maintains its current buying pace. The projection underscores the speed and scale of the firm's ETH acquisition strategy.

A single entity controlling 5% of ETH supply would represent a meaningful concentration, with significant implications for on-chain liquidity and price dynamics. The trajectory puts BitMine among the most aggressive institutional accumulators in the Ethereum ecosystem, drawing comparisons to the corporate Bitcoin treasury playbook that MicroStrategy pioneered.

If Lee's estimate holds, the pace of accumulation alone could become a supply-side catalyst worth tracking closely over the coming weeks.