Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year
Key takeaways
- The firm bought 26,659 ether last week, worth about $63 million based on ether’s current price.
- The purchase lifted Bitmine’s holdings to over 5.2 million ETH, or around 4.31% of ether’s circulating supply, according to a Monday company update.
- "We have decided to slow down our pace of weekly accumulation from over 100,000 [ETH] per week," Lee said in Monday’s statement.
Ibahagi Ibahagi ang artikulong ito Kopyahin ang link X icon X (Twitter)Linked In Facebook Email Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year. The firm bought roughly 26,000 ether last week, a sharp decline from the average of the previous weeks' 100,000.Ni Krisztian Sandor|Edited by Stephen Alpher May 11, 2026, 12:56 p.m. 2 min read Isinalin ng AIMake preferred on Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)What to know: Bitmine sharply slowed its ether purchases, buying 26,659 ETH last week at a value of $63 million, about a quarter of its recent average weekly pace.Chairman Tom Lee said the firm is moderating its buying as it nears its long-term goal of owning 5% of the token's supply and accumulating more than 1 million ETH since the start of 2026.The latest purchase brings Bitmine’s holdings to more than 5.2 million ETH, or roughly 4.31% of the cryptocurrency’s circulating supply.Bitmine Immersion Technologies (BMNR) has sharply slowed its ether (ETH) purchase pace as Chairman Tom Lee signaled, following months of aggressive buying that made it the world’s largest Ethereum treasury company.
The firm bought 26,659 ether last week, worth about $63 million based on ether’s current price. That's roughly a quarter of the average weekly haul it purchased over the past weeks.
The purchase lifted Bitmine’s holdings to over 5.2 million ETH, or around 4.31% of ether’s circulating supply, according to a Monday company update.