Bitmine Adds 12,532 ETH, Now Holds 4.9% of All Ethereum
Bitmine's Ethereum treasury has grown to 6.03 million ETH, and most of it is staked.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Bitmine (BMNR) bought 12,532 ETH last week.
- Its treasury now totals 6.03 million ETH.
- That equals 4.9% of Ethereum's supply.
- 84% of the holdings are staked.
- Tom Lee has flagged a potential 'largest-ever' crypto bull market.
Bitmine (BMNR) bought another 12,532 ETH last week. Its Ethereum treasury now stands at 6.03 million tokens. That's 4.9% of the total supply.
The numbers
The weekly buy is small next to the pile. But the pile is the story. One company now holds close to one in every twenty ETH in existence.
Here's the number that matters most: 84% is staked. Most of Bitmine's ETH is out earning staking rewards, not sitting idle. It isn't readily available to sell, either.
The Tom Lee angle
The update landed alongside a warning from Tom Lee, who has flagged the potential for the 'largest-ever' crypto bull market. The material I have doesn't spell out his reasoning or give a timeline. So treat it as a view, not a forecast backed by data.
Why it matters
If you hold or trade ETH, a buyer this size matters. Steady corporate accumulation pulls coins off the market, and staking locks up even more. Less liquid supply can amplify price moves in either direction.
Here's the catch. Concentration cuts both ways. One holder sitting on 4.9% of supply is a big bet on a single asset, and any shift in its strategy would get noticed fast. So will the buying keep pace if the bull market Lee describes never shows up?
Source: The Block
Top Crypto Casinos Right Now
🇫🇷 Showing sites that accept players from France Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
Related News
AI Could Crack Crypto Encryption Long Before Quantum Does, Warns Ethereum Researcher
Vitalik Buterin Has a Warning: Don't Panic-Migrate Your Wallet Over AI Fears
Vitalik Buterin Urges Crypto to Harden Encryption Against AI
