Advertise
Tom Lee’s BitMine Adds 7,391 ETH, Holdings Near 5% of Ethereum Supply
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
BitMine added another 7,391 ETH last week, bringing its total holdings to about 5.805 million ETH, or roughly 4.8% of Ethereum’s total supply. The company has been buying ETH every week since launching its treasury strategy in 2025 and is now close to its 5% ownership target. More than 4.9 million ETH is already staked through its MAVAN setup, generating an estimated $250 million in annual yield at current rates. BitMine is also continuing its share buyback program alongside its ETH purchases.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
