Therefore, the 5% target that the company has long pursued will also become an upper limit.
BitMine Has Over 6 Million $ETH in its Vault!
With BitMine’s latest purchase, the company’s Ethereum holdings have reached 6,016,414 $ETH. This amount represents 4.9% of the total supply of approximately 122.1 million $ETH. Lee stated that approximately 100,000 more $ETH would need to be purchased to reach the 5% level.
Lee stated that BitMine has been purchasing $ETH weekly since launching its $ETH treasury strategy in June 2025, consistently providing demand to the market.
Lee said the following regarding the halt in $ETH purchases: “We made all these purchases during a bear market. By buying, we protected ourselves against $ETH’s downward movement. But now, with a 25x move ahead, we’ve stopped stockpiling.”
Tom Lee also stated that if the current pace of purchases is maintained, the company could reach its 5% target in approximately six weeks. Lee added that the majority of purchases were made during a period of weakness in the crypto market, and the company reached its target much faster than expected.
Tom Lee stated that BitMine’s strategy is not limited to simply accumulating $ETH, and that once the 5% target level is reached, the company will place more emphasis on generating income by staking Ethereum assets and on share buybacks. Lee added that reaching 5% would eliminate the need for continuous capital increases to acquire new $ETH, which would provide a significant advantage for the company.
Lee’s remarks have attracted attention in the market, with analysts noting that $ETH may lose a stable buyer.
*This is not investment advice.
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