Bitmine Chairman Tom Lee Says ETH Purchases Will Stop at 5% of Circulating Supply
Bitmine will stop accumulating Ethereum once its holdings reach 5% of ETH's circulating supply, Chairman Tom Lee said, as the company approaches that threshold with 6,016,414 ETH currently in its treasury.
Bitmine Nears 5% ETH Holdings Target
According to Wu Blockchain, Lee said Bitmine currently holds roughly 4.9% of Ethereum's circulating supply. The company would need to acquire about 100,000 additional ETH to reach the 5% level, with the purchase expected to take an estimated six to seven weeks based on its buying pace last week.
The 5% threshold represents the stated limit for Bitmine's ETH accumulation strategy. The company has been purchasing Ethereum on a weekly basis since launching its Ethereum treasury strategy in June 2025.
Bitmine Continues Weekly ETH Purchases
Bitmine purchased another $41 million worth of ETH last week, according to its latest update. The acquisition keeps the company on its weekly purchasing schedule as it moves closer to the stated 5% holding target.
At its current holdings of 6,016,414 ETH, Bitmine is already close to the threshold outlined by Lee. The company would need roughly 100,000 more tokens to complete the remaining portion of its planned accumulation, with the six- to seven-week estimate based on the pace recorded during the previous week.
Cash and Marketable Securities
Alongside its Ethereum holdings, Bitmine reported approximately $643 million in cash and marketable securities in its latest update. The figure represents the company's reported liquid assets as it continues its Ethereum treasury strategy.
Bitmine's latest purchase follows a strategy that has involved markets acquiring ETH every week since June 2025. With holdings now at roughly 4.9% of Ethereum's circulating supply, Lee said the company will stop accumulating once its holdings reach 5%.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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