Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH Buy

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Bitcoin.com
Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH BuyWorldPing
Image via Bitcoin.com.

What happened

Publicly traded ether treasury firm Bitmine Immersion Technologies announced Monday that it has edged closer to its stated goal of obtaining 5% of the circulating ETH supply, adding about $41 million worth of the cryptocurrency to its holdings over t…

Key facts

  • Publicly traded ether treasury firm Bitmine Immersion Technologies announced Monday that it has edged closer to its stated goal of obtaining 5% of the circulating ETH supply, adding about $41 million worth of the cryptocurrency to its holdings over t…
  • Reported by Bitcoin.com and published Mon, 05 Oct 2026 15:15:35 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. SEC approves a 3x fix for bitcoin and ether traders who miss the wild swings

  2. Tom Lee says ether ‘dwarfing other macro assets’ as Bitmine adds 15,112 ETH

  3. Bitcoin gets a 20-day window to see whether energy relief can move the Fed

  4. Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target

  5. Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH Buy

Sources

The original report was published by Bitcoin.com. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Bitcoin.com

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