BitMine Doubles Down on Ethereum Thesis with $81M Purchase

Tom Lee's BitMine has made its largest weekly Ethereum purchase since early July, buying $81 million worth of ETH as the token broke above $2,500.

The company now holds approximately 5.85 million ETH and is nearing its ambitious target of controlling 5% of Ethereum's total supply.

BitMine has been accumulating ETH since launching its ETH treasury strategy in June 2025, with the current holdings representing roughly 4.8% of Ethereum's total supply.