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Tom Lee’s BitMine Adds 7,391 ETH, Holdings Near 5% of Ethereum Supply

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Qadir AK

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.

Qadir AK

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.

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