Tom Lee is chasing a target that keeps moving away from him BitMine, the Ethereum treasury company he chairs, now holds 5,847,611 $ETH worth about $14.6 billion; 4.84% of Ethereum's entire circulating supply, and just 187,000 tokens short of the self-declared "Alchemy of 5%" goal. The company bought 32,447 ETH last week alone, its biggest weekly haul since early July, riding a rally that saw ETH gain roughly 30% in seven days. Ethereum's supply isn't fixed. The network added nearly 86,000 new ETH over the past 30 days, meaning the real 5% line keeps sliding forward even as BitMine buys. At the current pace of about 32,000 ETH per week, closing the gap could still take weeks, not days. Lee isn't slowing down regardless. Speaking on Bankless, he said Ethereum could "easily" hit $10,000, and BitMine has staked over 5 million of its tokens for roughly $330 million a year in yield, funded entirely with stock, not debt; a structural difference from treasury rivals that didn't survive the last downturn. A corporate treasury racing a growing supply schedule to hit a round number is either conviction or theater. With BitMine, it's been both for fourteen months straight. #ETH #Macro Insights# #Altcoin Season#