Tom Lee’s Bitmine Nears 5% of Ether Supply, Trims Weekly Buy to 12,532 ETH

Bitmine Immersion Technologies (NYSE: BMNR) held 6,028,946 ETH as of Oct. 11, the Ethereum treasury company said in a press release on Monday. That stake works out to about 4.9% of ether’s 122.1 million supply, roughly 76,000 ETH below the 5% target Bitmine has chased since launching its ETH treasury strategy on June 30, 2025. The firm added 12,532 ETH during the week. That compares with 15,112 ETH in its previous update and 17,362 ETH the week before that, making this the third consecutive week of smaller purchases.