BitMine May Have Acquired Another 41,946 ETH, Approaching 5% Supply Target

2025-12-05 05:20:18

Abstract generation in progress

Source: CryptoBriefing Original Title: Tom Lee’s BitMine may have scooped up another 41,946 ETH Original Link: https://cryptobriefing.com/bitmine-ethereum-acquisition-moves/

BitMine Ethereum Acquisition Update

BitMine Immersion has reportedly executed a fresh Ethereum purchase. According to data tracked by on-chain monitoring sources, wallets linked to the company acquired 41,946 ETH worth approximately $131 million on Thursday.

Earlier this week, reports suggested that BitMine may have purchased $55 million worth of Ethereum. A few days later, a wallet linked to BitMine withdrew $91 million in ETH from a major exchange ahead of the Fusaka upgrade.

The Ethereum-focused treasury firm led by industry analyst Tom Lee reported holding more than 3.7 million ETH in its latest disclosure. At this pace, the company appears well on track toward its target of accumulating 5% of the total ETH supply.

Lee has demonstrated a strong belief in Ether’s dominance in future financial systems due to its smart contract capabilities and role in creating new financial products.

BitMine plans to deploy its MAVAN staking solution in early 2026, maintaining its lead among crypto treasuries globally.

ETH2.8%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
6
Repost
Share

Comment

0/400

MerkleTreeHugger

· 11h ago

Is Tom Lee hoarding ETH again? This guy really doesn't want ordinary people to get in, haha.

View OriginalReply0

HodlAndChill

· 12-05 09:40

This guy is hoarding again, it's almost up 5%... I can't really handle this move.

View OriginalReply0

MemeEchoer

· 12-05 05:50

Accumulating again, Tom Lee really can't stay idle... Is he serious about the 5% supply?

View OriginalReply0

DefiSecurityGuard

· 12-05 05:50

ok so bitmine acquiring another 41k eth... ngl, nobody's actually checking the wallet addresses here right? classic move. DYOR before trusting any "acquisition" narrative

Reply0

RadioShackKnight

· 12-05 05:50

Accumulating again? This guy Tom Lee really doesn't plan to let go, huh. Still a long way to go before reaching 5% of the supply.

View OriginalReply0

OnChainDetective

· 12-05 05:28

Here we go again, 41,946 ETH? Why does this number feel a bit too "coincidental"... I need to carefully dig into the on-chain address clusters.

View OriginalReply0