BITMINE RAISES ETHER HOLDINGS TO 4.87 MILLION ETH, NOW CONTROLS 4.04% OF TOTAL SUPPLY

Bitmine has significantly expanded its Ethereum treasury, accumulating enough ETH to push its total holdings to 4.87 million ETH — equivalent to approximately 4.04% of Ethereum’s entire circulating supply.

According to recent on-chain data and a statement from Fundstrat’s Head of Research Tom Lee, who also serves as Bitmine’s Senior Strategic Advisor, the company added roughly 71,000 ETH over the past week alone, valued at more than $180 million at current prices. This aggressive accumulation brings Bitmine’s Ethereum stash to a market value of approximately $10.8 billion.

The latest purchases continue Bitmine’s bold treasury strategy of treating Ethereum as a core reserve asset. While many institutions have slowed their altcoin exposure amid market uncertainty, Bitmine — with Lee’s strategic guidance — has maintained a consistent and accelerated buying pace in recent months.

This rapid buildup has positioned Bitmine as one of the largest corporate holders of Ethereum globally. On-chain analytics show the company now accounts for a substantial portion of recent large-scale ETH accumulation by public entities.

Tom Lee’s strategic oversight and bullish outlook on Ethereum are clearly reflected in Bitmine’s aggressive accumulation strategy. As the company approaches historic ownership thresholds, market observers will closely watch whether this approach inspires other institutions to increase their ETH allocations or highlights the concentration risks inherent in large-scale altcoin treasury strategies.

The pace of similar corporate Ethereum accumulation in the coming months will likely be influenced by Ethereum’s network upgrades, regulatory clarity around staking and ETFs, and overall risk sentiment in the broader crypto market.

Disclaimers: All contents in this article are for informational purposes only and does not constitute any form of advice.Third-party websites and their content are provided for informational purposes and user convenience only. Rola News does not control, endorse, or assume responsibility for any Third-party websites, including their content, accuracy, privacy practices, or any subsequent changes or updates made to them. This article is AI-assisted and has been reviewed by our editorial team.