3.86M ETH and Counting — BitMine’s Progress Toward 5% of Ethereum Supply

Tom Lee wants to control 5% of the total ETH supply. Credit: CCN. Key Takeaways BitMine has reported its first annual earnings since pivoting to an Ethereum treasury strategy. The company has amassed 3.86 million ETH, equivalent to around 3% of the circulating supply. Chairman Tom Lee is now targeting a 5% return. Upon presenting its 2025 earnings on Monday, Dec. 8, Bitmine Immersion Technologies revealed that it now holds 3.86 million ETH. Not satisfied with amassing the world’s largest Ethereum tr ...