The Block•Monday, January 26, 2026 at 02:30 PM•1 min read
Tom Lee's BitMine Nears Ethereum Treasury Goal After 40,302 ETH Purchase
The Signal TakeBullish
According to reports, BitMine, led by Tom Lee, is approaching its Ethereum treasury target following a purchase of 40,302 ETH. The development brings BitMine closer to its goal, as the company's total crypto and cash holdings currently stand at $12.8 billion. BitMine now owns 3.52% of Ethereum's circulating supply. The purchase signifies a continued interest in Ethereum as a key asset for corporate treasuries. The move reflects a strategic accumulation of digital assets by BitMine. The company's holdings could influence market dynamics.
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