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Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply

Decrypt·September 28, 2026·1 min read
Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply

Bitmine, led by Tom Lee, bought another $47M of ETH, raising its holdings to 4.9% of Ethereum's supply. The firm has staked 84% of its tokens, projected to generate about $358 million annually in staking rewards, according to the company.

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