Bitmine Buys 111,942 ETH As Tom Lee Targets 5% Ethereum Supply Share In 2026

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BitMine Immersion Technologies Inc. (NASDAQ:BMNR) purchased 111,942 Ethereum (CRYPTO: ETH), saying the recent pullback is an attractive opportunity.

‘Alchemy Of 5%’

Bitmine’s Ethereum holdings climbed to 5.39 million ETH, worth $11.5 billion, giving the company control of roughly 4.47% of Ethereum’s total circulating supply.

The firm said its combined crypto, cash and “moonshot” investments now total $12.3 billion.

The company added 111,942 ETH over the past week, continuing what Chairman Tom Lee called an aggressive accumulation strategy.

“Bitmine is expected to reach the ‘alchemy of 5%’ …

Full story available on Benzinga.com

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