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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/23/2026

BitMine Adds $92 Million in ETH, Approaches 5% of Circulating Supply

What happened: BitMine, led by Tom Lee, added $92 million in Ethereum to its treasury, bringing its total holdings to 4.

BitMine Adds $92 Million in ETH, Approaches 5% of Circulating Supply

What happened: BitMine, led by Tom Lee, added $92 million in Ethereum to its treasury, bringing its total holdings to 4.7% of ETH’s circulating supply. The firm is closing in on its goal to control 5% of all ETH in circulation.

Why it matters: BitMine’s aggressive accumulation strategy highlights the growing role of treasury management in the Ethereum ecosystem. Such concentration could impact liquidity and governance, particularly as the firm approaches a significant share of total supply.

Source: Decrypt