BITMINE IS JUST 0.2% AWAY FROM ITS 5% ETH SUPPLY TARGET 🟣
Tom Lee’s Bitmine has purchased another 9,926 ETH, lifting its total holdings to 5.82 million ETH, equal to 4.8% of Ethereum’s supply and worth about $11 billion.
Based on that ratio, a 5% position would equal roughly 6.06 million ETH, meaning Bitmine needs about 242,500 more ETH. The percentage gap is small, but the amount remains substantial.
More than 5 million ETH has already been staked, with estimated annual rewards of about $287 million. This creates recurring income and makes the accumulation strategy less dependent on ETH price movements alone.
The downside is significant: Bitmine’s ETH portfolio currently carries about $8.4 billion in unrealized losses. The company is also repurchasing its own shares under a 4 billion program.
Tom Lee expects asset tokenization, AI demand, and easier financial conditions to keep supporting crypto markets. Still, macro optimism does not remove concentration risk as one company approaches control of 5% of ETH supply.
Could Bitmine’s 5% ETH target become a strategic advantage, or make concentration risk a bigger concern?
Please do your own research carefully before making any transactions (DYOR). $ETH $BNB $FTM
Tom Lee’s Bitmine has purchased another 9,926 ETH, lifting its total holdings to 5.82 million ETH, equal to 4.8% of Ethereum’s supply and worth about $11 billion.
Based on that ratio, a 5% position would equal roughly 6.06 million ETH, meaning Bitmine needs about 242,500 more ETH. The percentage gap is small, but the amount remains substantial.
More than 5 million ETH has already been staked, with estimated annual rewards of about $287 million. This creates recurring income and makes the accumulation strategy less dependent on ETH price movements alone.
The downside is significant: Bitmine’s ETH portfolio currently carries about $8.4 billion in unrealized losses. The company is also repurchasing its own shares under a 4 billion program.
Tom Lee expects asset tokenization, AI demand, and easier financial conditions to keep supporting crypto markets. Still, macro optimism does not remove concentration risk as one company approaches control of 5% of ETH supply.
Could Bitmine’s 5% ETH target become a strategic advantage, or make concentration risk a bigger concern?
Please do your own research carefully before making any transactions (DYOR). $ETH $BNB $FTM