{"slug": "tom-lee-s-bitmine-now-owns-4-8-of-ethereum-supply-after-latest-eth-purchase", "title": "Tom Lee's Bitmine now owns 4.8% of Ethereum supply after latest ETH purchase", "summary": "Bitmine Immersion, led by Chairman Tom Lee, now holds 4.8% of Ethereum's total supply after purchasing another 9,926 ETH, bringing its total to 5.815 million tokens worth about $11 billion at $1,904 per ETH. Lee cited the ETH/BTC ratio breaking above a downward trend and easing financial conditions as tailwinds for crypto. The company also bought 1.7 million shares of its own stock, now owning 20.8 million shares under a $4 billion buyback program.", "body_md": "Ethereum treasury company Bitmine Immersion added more of the token to its balance sheet, bringing its total holdings up to 5.815 million tokens.\n\nIn an announcement Monday, the company led by Chairman Tom Lee said it bought another 9,926 $ETH last week, continuing its streak of weekly buys that began in June 2025 when the company launched.\n\nBitmine, which trades under the ticker BMNR, now holds 4.8% of $ETH’s total supply with its tokens worth about $11 billion at the current price of $1,904.\n\nLee said the $ETH/BTC ratio has broken above a years-long downward trend, which he sees as a sign that investors are starting to price in growing demand for Ethereum from tokenization and AI-agent applications.\n\nOn the macro front, he expects “easing financial conditions to be a tailwind for crypto,” he said in a statement.\n\n$ETH is up about 1.6% over the past 24 hours while BMNR is trading more than 2% higher today.\n\nThe company also bought an additional 1.7 million shares of its own stock last week, now owning 20.8 million shares under a previously authorized $4 billion buyback program.", "url": "https://wpnews.pro/news/tom-lee-s-bitmine-now-owns-4-8-of-ethereum-supply-after-latest-eth-purchase", "canonical_source": "https://cryptonews.net/news/ethereum/33307642/", "published_at": "2026-08-17 14:15:03+00:00", "updated_at": "2026-08-17 14:41:29.234199+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-agents"], "entities": ["Bitmine Immersion", "Tom Lee", "Ethereum", "BMNR"], "alternates": {"html": "https://wpnews.pro/news/tom-lee-s-bitmine-now-owns-4-8-of-ethereum-supply-after-latest-eth-purchase", "markdown": "https://wpnews.pro/news/tom-lee-s-bitmine-now-owns-4-8-of-ethereum-supply-after-latest-eth-purchase.md", "text": "https://wpnews.pro/news/tom-lee-s-bitmine-now-owns-4-8-of-ethereum-supply-after-latest-eth-purchase.txt", "jsonld": "https://wpnews.pro/news/tom-lee-s-bitmine-now-owns-4-8-of-ethereum-supply-after-latest-eth-purchase.jsonld"}}