Tom Lee's Bitmine Accumulates Additional 98,852 ETH in One Week, Now Possesses 3.37% of Total Circulation

Bitmine Immersion Technologies, chaired by Thomas Lee of Fundstrat, has announced a significant increase in its Ethereum (ETH) holdings, now owning approximately 3.37% of the total circulating supply. The company's crypto assets, cash, and investments are valued around $13.2 billion, including a $32 million stake in Eightco Holdings. Bitmine added 98,852 ETH to its portfolio in the past week, making it the largest Ethereum treasury globally and the second-largest crypto treasury overall, behind only Michael Saylor's Strategy. Despite recent market volatility, Bitmine continues its accumulation strategy as Ethereum's price shows signs of recovery. The company's shares are now among the most actively traded on the U.S. stock market.