Tom Lee’s BitMine continues to aggressively accumulate Ethereum, adding another 76,881 ETH (worth roughly $130 million) over the past week
🔎 The company now holds 5.62 million ETH—about 4.66% of Ethereum’s total supply—making it the largest public holder of ETH and the second-largest corporate crypto holder globally, behind Strategy.
BitMine’s ambitions are even bigger: the firm says it has already completed 93% of its journey toward owning 5% of all ETH in circulation, a target it expects to reach in 2026.
Of its holdings, 4.72 million ETH are currently staked, generating an estimated $226 million in annual staking revenue.
Despite controlling over $10 billion in assets, BitMine remains more than $9 billion underwater on paper due to an average ETH purchase price above $3,400. Still, the company views the recent downturn as an opportunity—not a reason to slow down.
June 16, 2026 24.8K 1
