Ethereum Price Holds as Tom Lee’s BitMine Makes Biggest ETH Buy Since June

Ethereum price is grinding steadily, but its quiet number masks a much louder signal underneath. BitMine Immersion Technologies, chairman Tom Lee’s crypto treasury vehicle, just made its largest single ETH purchase since June.

BitMine picked up 53,501 ETH worth $131 million, pushing its total stack to 5,901,112 ETH, or valued near $14.8 billion at a $2,511 reference price.

That’s 4.9% of Ethereum’s entire circulating supply, putting the firm 98% of the way toward its self-described “Alchemy of 5%” target.

BitMine Adds 53,501 ETH as Holdings Reach 5.90M ETHBitMine said it acquired 53,501 ETH over the past week, bringing total holdings to 5,901,112 ETH, or about 4.9% of Ethereum’s supply.