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Tom Lee's BitMine Now Holds 3% of ETH Supply After Latest Acquisition

The top ETH treasury continues to load up on ETH despite the asset's recent downturn.
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Nov 24, 2025 • 1 min read

BitMine increased its Ethereum holdings to 3,629,701 ETH – now over 3% of total supply — after acquiring nearly 70,000 ETH last week.

What’s the Scoop?

  • ETH Accumulation: BitMine's stash is worth about $10.2B, down from more than $12B two weeks ago as ETH fell nearly 30% over the past month.
  • Financial Moves: The company recently reported $328M in net income for its fiscal year ending Aug. 31 and introduced a dividend for shareholders. BitMine also approved a share buyback plan in July to complement ongoing ETH purchases.
  • Other Holdings: BitMine disclosed it also owns 192 BTC, holds a $38M stake in Eightco Holdings, and maintains $800M in unencumbered cash.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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