The chairman of Ethereum treasury company BitMine, Tom Lee, has come forward with a definitive statement regarding the firm’s massive Ether holdings. Lee revealed in a recent interview that BitMine currently holds an amount close to 4% of the total Ethereum supply, establishing them as one of the network's most significant institutional treasuries.

This substantial corporate holding, however, is being treated not as a trading asset, but as a permanent reserve. Tom Lee explicitly stated that Bitmine will "never sell" the held Ether.

This highly unambiguous declaration effectively removes a major, high-percentage stake from the potential circulating supply. Such a firm commitment from a large treasury manager anchors a significant portion of the asset, offering market clarity about the long-term intent of key institutional players