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Tom Lee announced that he has purchased a large number of Ethereum (ETH)

2026-09-09 17:00:15
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BitMine's ETH holdings exceeded 5.93 million, accounting for nearly 4.9% of the total supply.

BitMine, an institutional wealth management company focused on Ethereum led by analyst Tom Lee, announced that the number of ETH holdings exceeded 5.93 million, accounting for approximately 4.9% of Ethereum's total supply.

According to data shared by the company, as of September 7, BitMine held a total of 5,929,198 ETH units. Assuming an Ethereum price of $2,495, the total value of these assets is approximately $14.79 billion. Considering that the total supply of Ethereum is approximately 122 million units, BitMine alone controls approximately 4.9% of the circulating supply.

BitMine said it added 28,086 ETH units to its portfolio last week. Since launching the Ethereum wealth management strategy on June 30, 2025, the company has purchased ETH regularly every week.

In addition to Ethereum, the company's balance sheet includes 211 bitcoins (BTC) and approximately $593 million worth of cash and securities. Including cryptocurrency assets, cash, securities and other investments, BitMine's total assets are estimated to be approximately US$15.7 billion.

A large amount of ETH held by BitMine is also used for pledge. As of September 7, the company has pledged 5,067,309 ETH units, accounting for approximately 85% of its total Ethereum position.

Based on current pledge yields, BitMine expects to generate approximately US$330 million in annual revenue from its Ethereum pledge business.

The company's average ETH bid price is approximately US$3,036.

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