"Tom Lee's Bitmine acquired 101,627 ETH worth $233 million from Bitgo, marking its largest weekly buy of 2026 and bringing total holdings to approximately 4.97 million ETH."
"The use of freshly created wallets is consistent with Bitmine's approach of separating new acquisitions from its existing holdings, simplifying staking management and onchain auditing."
"The Thursday purchase brings Bitmine's total ether holdings to approximately 4.97 million ETH, placing the firm within striking distance of holding 5% of Ethereum's entire circulating supply."
Bitmine, led by Tom Lee, purchased 101,627 ether valued at $233 million from Bitgo, marking its largest weekly acquisition of 2026. This purchase brings Bitmine's total ether holdings to about 4.97 million ETH. The acquisition involved three newly created wallets, aligning with Bitmine's strategy to separate new acquisitions for easier staking management. The firm is close to holding 5% of Ethereum's circulating supply and has staked 61,232 ETH, generating annualized staking revenue of approximately $212 million.
Read at news.bitcoin.com
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