Tom Lee's BitMine Buys More Ethereum to Surpass 6 Million Milestone

Tom Lee's BitMine now holds over 6 million Ethereum as it continues to purchase the asset regardless of the crypto market conditions.

Caroline Amosun · 28 Sep 2026 · 4 min read

Wire content from U.Today

Tom Lee’s BitMine Buys More Ethereum to Surpass 6 Million Milestone

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By
Caroline Amosun

Mon, 28/09/2026 – 16:07

Tom Lee’s BitMine now holds over 6 million Ethereum as it continues to purchase the asset regardless of the crypto market conditions.

Tom Lee's BitMine Buys More Ethereum to Surpass 6 Million Milestone

Cover image via U.Today

BitMine buys $46 million of ETH
BitMine hits over 6 million Ethereum

Tom Lee, the chairman of BitMine Immersion Technologies (BMNR), the world’s largest Ethereum treasury firm, has continued to advocate for Ethereum amid his company’s relentless accumulation of the asset.

While BitMine had barely skipped on its weekly Ethereum purchases, the firm has pulled another strong move despite the brief crypto market slowdown.

BitMine buys $46 million of ETH

Amid its steady Ethereum purchases, the latest data from onchain monitoring platform Lookonchain shows that BitMine has bought another 17,362 ETH worth $46.82 million over the last week.

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As usual, the transfer, which has barely gone unnoticed, was perceived to be part of BitMine’s long-term Ethereum accumulation strategy rather than just a short-term purchase.

BitMine hits over 6 million Ethereum

Following this latest purchase, BitMine’s Ethereum holdings have now reached a key milestone, surpassing 6 million ETH. This is worth about $16 billion at ETH’s current market price.

While its fast-expanding Ethereum treasury now represents 4.9% of the asset’s circulating supply, BitMine continues to position itself as Ethereum’s largest corporate holder.

While the brief market slowdown appears to have sparked a bit of panic among small holders, especially retail traders, Tom Lee’s latest purchase has sparked a degree of confidence about Ethereum’s short-term potential.

#Ethereum
#Bitmine
#Tom Lee