THE BLOCK · 2026-11-09 14:31 UTC

Tom Lee's Bitmine nears 5% Ethereum supply target with $20 million ETH buy as he predicts tokenization and AI 'supercycle'

Bitmine bought another 9,587 ETH last week, getting closer to its target of owning 5% of ether's supply. The firm now holds 6.07 million ETH, with 5.23 million tokens, worth over $11 billion, currently staked. Bitmine's total crypto, cash, and other investments stand at $14.3 billion, and it owns 4.97% of Ethereum's circulating supply.

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