BTC 
ETH 
BNB 
XRP 
SOL 
TRX Bitmine buys more ETH, tops 6 million ether and nears 5% supply target
Bitmine, associated with Tom Lee, bought additional ether and now holds over 6 million ETH, about 4.9% of Ethereum's circulating supply, with one report saying it could reach 5% by early November. The company has staked 84% of its tokens and projects about $358 million a year in staking rewards.
Why “Unverified”
- 3 independent sources (Decrypt, The Block, Cointelegraph), but no primary confirmation
3 independent source groups across 3 posts · evidence score 91/100. How labels work
Market around the story
| Asset | Price at first report | 6h before | 1h before | 1h after | 6h after | 1h move vs normal | 24h volume vs median |
|---|---|---|---|---|---|---|---|
| ETH | $2,690 | +1.5% | +0.81% | −0.01% | +0.33% | 0.0σ | 1.3× |
Returns are measured from the moment the story first appeared. “vs normal” compares the move with the asset's typical hourly move over the previous 30 days.
What the sources claim
-
Bitmine bought another 17,362 ether, bringing its total holdings above 6 million ETH. ETH
“Tom Lee’s Bitmine tops 6 million ETH after buying another 17,362 ether”
The Block -
Bitmine's total crypto, cash and other investments stand at $17.2B and it owns over 4.9% of ether's circulating supply. ETH
“Bitmine's total crypto, cash and other investments currently stand at $17.2B, and the company owns over 4.9% of ether's circulating supply.”
The Block -
Bitmine bought another $47 million of ETH, taking its holdings to 4.9% of Ethereum supply. ETH
“Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply”
Decrypt -
Bitmine has staked 84% of its tokens and projects about $358 million a year in staking rewards. ETH
“Bitmine has staked 84% of its tokens, a position it projects will generate some $358 million a year in staking rewards.”
Decrypt -
BitMine could reach 5% of Ether's supply by early November, and Tom Lee has left open whether it would continue buying beyond that level. ETH
“BitMine could reach 5% of Ether’s supply by early November, while Tom Lee has left open whether it would continue buying beyond that level.”
Cointelegraph
Sources
Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-09-29 17:56 UTC. Labels are computed from the sources, not by the model.