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Crypto•7 April 2026•

1 min read

Bitmine Boosts Ethereum Holdings to 4.7 Million ETH Under Tom Lee's Strategy

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Key Facts

1Bitmine Immersion Technologies has bolstered its Ethereum (ETH) holdings through a new wave of massive acquisitions.

2Tom Lee is driving the firm's strategy to turn Ethereum into a primary treasury asset, similar to MicroStrategy's Bitcoin model.

3Bitmine currently holds over 4.7 million ETH units, representing approximately 3.8% of the total global supply.

Version History

1 additional source confirmed this story

Bitmine Immersion Technologies has significantly expanded its Ethereum (ETH) holdings through a series of large-scale acquisitions. Led by strategist Tom Lee, the firm is implementing a strategy to establish ETH as its primary treasury asset, mirroring MicroStrategy’s approach with Bitcoin. The company now controls over 4.7 million ETH units, which accounts for approximately 3.8% of the total global supply. This move highlights a growing institutional shift toward Ethereum, particularly as it outperforms traditional assets like gold and equities during geopolitical instability. While this accumulation follows a 25-day trend, it reinforces a strong bullish outlook for the second-largest cryptocurrency. Bitmine aims to position itself as the dominant institutional holder of ETH in the global market.