Tom Lee's BitMine reports over $13B in crypto and cash holdings, now controls 2.7% of Ethereum supply
Key Takeaways
- Tom Lee and BitMine have reported updated holdings, including their Ethereum position and Eightco stake.
- BitMine, led by Tom Lee, is aggressively accumulating Ethereum to position itself as a leading corporate crypto holder.
Share this article
Tom Lee’s BitMine, a publicly traded company focused on building a large cryptocurrency treasury, today reported total holdings of $13.4 billion, including 3.24 million ETH, a stake in Eightco, and $219 million in cash.
Lee is leading BitMine’s aggressive Ethereum accumulation strategy as the company positions itself as a leader in corporate ETH adoption. BitMine has been outpacing other digital asset treasury companies by rapidly expanding its Ethereum holdings.
The latest accumulation brings BitMine’s Ethereum holdings to 2.7% of the total ETH supply, marking the halfway point toward its stated goal of achieving the “Alchemy of 5%.” Lee described the strategy as a long-term bet on Ethereum’s emerging “supercycle,” viewing recent market deleveraging as an opportunity to acquire assets at attractive valuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Increasing Importance of Blockchain Education for Strategic Growth in Emerging Markets
- Blockchain education in emerging markets is accelerating token adoption and financial inclusion by addressing technical barriers and fostering trust in decentralized systems. - Trust Wallet Token (TWT) enables low-cost remittances and DeFi access through gas discounts and fee reductions, targeting regions with weak traditional banking infrastructure. - Strategic partnerships like Trust Wallet-EBI and UNDP blockchain training programs amplify TWT's utility in governance, identity management, and cross-bor

ZCash Rally Raises Questions: How High Can ZEC Climb From Here?

AMINA Bank Becomes First European Bank to Activate Ripple Payments Integration

Tether Offers $1 Billion Cash Bid to Acquire Full Control of Juventus Football Club
