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Tom Lee's BitMine Makes Biggest Ethereum Buy Yet in 2026
Key takeaways
- The purchase brings the firm’s total holdings to 5,390,404 ETH valued around $11.4 billion as Ethereum trades around $2,117 on Tuesday morning.
- BitMine now holds more than 4.4% of the circulating ETH token supply, better than 88% of the way to its goal of hitting 5%—a feat it anticipates achieving “sometime in 2026,” according to its chairman, Tom Lee.
- (Disclaimer: Tom Lee is an investor in Decrypt’s parent company, Dastan).
Tom Lee's Bit Mine Makes Biggest Ethereum Buy Yet in 2026 Logan Hitchcock Tue, May 26, 2026 at 10:56 PM GMT+7 2 min read BMNR ETH-USD Publicly traded Ethereum treasury firm Bit Mine Immersion Technologies added 111,942 ETH, or more than $237 million worth, to its balance sheet last week, marking the firm’s largest buy yet this year as denominated in ETH.
The purchase brings the firm’s total holdings to 5,390,404 ETH valued around $11.4 billion as Ethereum trades around $2,117 on Tuesday morning.
BitMine now holds more than 4.4% of the circulating ETH token supply, better than 88% of the way to its goal of hitting 5%—a feat it anticipates achieving “sometime in 2026,” according to its chairman, Tom Lee.
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