Tom Lee's Bitmine nears 5% ETH accumulation goal; holdings reach 5.42M ETH

Bitmine (BitMNR), backed by Tom Lee, said it holds 5.42 million ETH, equal to 4.49% of Ethereum's circulating supply. The company said it is about 90% of the way to its "Alchemy of 5%" acquisition target, reinforcing its claim as the world's largest corporate ETH treasury. Bitmine also reported $11.6 billion in total crypto and cash assets, including $9.5 billion currently staked via its MAVAN validator network.