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27/08/25 15:50 UTC-04

Tom Lee’s Bitmine increases holdings to 1.538M ETH

Ethereum’s rise above $4,600 appears to have boosted confidence in ETH’s long-term success from one of Wall Street’s most vocal cryptocurrency advocates.

According to on-chain analytics platform Arkham, on August 27 BitMine — a company linked to Fundstrat co-founder Tom Lee — now holds Ethereum worth over $7.08 billion. With 1.538 million ETH on its balance sheet, the firm ranks among the largest corporate treasuries in the crypto space.

Over the past 24 hours, Bitmine added another $21.3 million worth of ETH to its portfolio. As a result, market analysts suggest the company could be controlling up to 5% of Ethereum’s circulating supply, valued at $27 billion at current prices.

Ethereum in Bitmine’s portfolio. Source: Arkham

In addition, on Tuesday analysts noted a significant capital flow from Bitcoin (BTC) into Ethereum, with futures activity, ETF inflows, and whale positioning increasingly shifting toward the world’s second-largest cryptocurrency.

Ethereum’s latest surge coincided with record institutional inflows, the expansion of the DeFi ecosystem, and breakthroughs in layer-2 scaling solutions. Considering that ETH ETFs have attracted billions in assets under management since their launch earlier this year, Bitmine’s accumulation strategy appears to anticipate what the company views as Ethereum’s long-term dominance.

See also: "Crypto usage in Venezuela grew by 110% in a year"

#Reserve #Ethereum (ETH) #BitMine

Editor: Alyona Nabok
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04/06/26 06:21 UTC-04

Bitmine’s Ethereum Bet Nears $9 Billion Loss as Ethereum Falls Below $1,800

Shares of the company led by Tom Lee fell another 5.9% on Wednesday, dropping below $17 and extending their decline to 28% since the beginning of May. The stock has now fallen below its February lows to the lowest level since the company announced its shift to an Ethereum treasury strategy in 2025.