Tom Lee: Bitmine has continuously purchased ETH for over 60 weeks, just one step away from its holding target
2026-08-30 12:03
Odaily News: Tom Lee, chairman of Ethereum treasury company Bitmine Immersion Technologies (BMNR), said in a podcast interview that since launching the ETH treasury strategy, the company has continuously purchased ETH for over 60 weeks.
Tom Lee pointed out that Bitmine's standout feature lies not only in its holding scale but also in the stability of its continuous purchases. In comparison, Michael Saylor's Strategy (MSTR) had weeks during its Bitcoin accumulation where no purchases were made.
As its ETH holdings continue to expand, BitMine has recently slowed its purchasing pace, and is currently about 97% complete toward its target of holding 5% of ETH's total supply.
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