Bitmine Expands ETH Holdings to $13B, Now Controls 2.74% of Supply

[tradelikepro]

Bitmine Immersion Technologies has doubled down on its Ethereum strategy, purchasing an additional $250 million in ETH on Monday. The move brings its total holdings to 3.24 million ETH, valued at over $13 billion — about 2.74% of all Ether in circulation.

Chairman Tom Lee said the firm is taking advantage of a recent 14% ETH price dip, calling the current “price dislocation” an attractive entry point. Bitmine aims to eventually control 5% of the total ETH supply as part of its long-term treasury accumulation strategy.

[EmTeam]

Bitmine’s massive ETH accumulation reinforces institutional conviction in Ethereum’s future.

[Rimon Khan]

Controlling nearly 3% of supply highlights how strategic accumulation is shaping network economics.