DECRYPT · 2026-11-09 17:08 UTC

Tom Lee's Bitmine Adds $20M in Ethereum, Seizing on Vitalik's 'ETH Is Money' Declaration

Bitmine Immersion Technologies added 9,587 ETH worth roughly $20 million, extending its weekly Ethereum buying streak. Its holdings reached 6,070,092 ETH, about 4.97% of Ethereum's 122.2 million token supply, with the firm 99% of the way to its 5% target. Chairman Tom Lee cited Vitalik Buterin's Devcon remark that 'ETH is a store of value, ETH is money' as validation of the accumulation strategy.

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