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.
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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.
