Bitmine tops 6 million ETH after buying another 17,362 ether
The Tom Lee-linked treasury company now holds more than 4.9% of ether's circulating supply, with total crypto, cash and other investments at $17.2 billion.
Bitmine has added 17,362 ether to its balance sheet, pushing its total ether holdings past the 6 million mark, according to data reported by The Block.
The company's combined crypto, cash and other investments are valued at $17.2 billion, and its ether position represents more than 4.9% of the asset's circulating supply.
Treasury strategy
- Latest purchase: 17,362 ETH
- Total ether held: over 6 million
- Share of circulating ether supply: above 4.9%
- Reported total crypto, cash and other investments: $17.2 billion
Bitmine is associated with fund manager Tom Lee, who has become one of the most prominent public advocates for accumulating ether through a listed corporate vehicle.
The disclosure adds to a growing list of public companies that hold large crypto treasuries, a strategy that ties corporate balance sheets more closely to digital asset price swings and to the disclosure rules that apply to listed firms.