Bitmine Accumulates 5.54M ETH (4.59% of Supply) Worth $9B; Tom Lee Sees AI Driving Further Demand
By
Jamie Redman
18d ago· 3 min readenNews
Summary
Bitmine Immersion Technologies has accumulated 5.54 million ETH (4.59% of total supply, valued at ~$9.04B), making it a major Ethereum holder. The company also holds 204 BTC, $180M staked in Beast Industries, $88M in Eightco Holdings, and $247M in cash. With 4.7M ETH staked, Bitmine projects $270M in annual staking yield. Tom Lee predicts AI systems will further drive Ethereum demand, targeting 5% of total supply.
Source
bskyBitmine Accumulates 5.54M ETH (4.59% of Supply) Worth $9B; Tom Lee Sees AI Driving Further Demandnews.bitcoin.comKey quotes
· 3 pulledTom Lee Says AI Systems Will Lift Ethereum Demand as Bitmine Stacks 5.54M ETH
Bitmine Immersion Technologies now controls 4.59% of the entire ethereum supply after accumulating 5.54 million ETH valued at approximately $9.04 billion
The breakdown includes 5,543,872 ETH at $1,630 per token, 204 bitcoin, $180 million staked in Beast Industries, $88 million in Eightco Holdings, and $247 million in cash
Bitmine holds 5.54M ETH worth $9B+, staking 4.7M tokens at $270M projected annual yield as Tom Lee targets 5% of supply.
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