Ethereum

Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

Decrypt·August 31, 2026·1 min read

Bitmine, led by chairman Tom Lee, purchased $131 million worth of Ethereum, increasing its total holdings to 5.9 million ETH, which is 4.9% of the total supply. This marks the largest Ethereum purchase since June, with Lee citing a strong third quarter for the cryptocurrency.

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