Bitmine Tops 5M ETH After $236M Buy, Building ~$13.3B Treasury Targeting About 5% of Ether Supply

Bitmine Immersion Technologies, led by Tom Lee, completed a weekly purchase of 101,901 ETH, pushing its reported holdings above 5 million ETH, according to CoinGape and Yellow coverage. Bitcoin.com also reported the milestone and noted the stake represents roughly 4.21% of circulating Ethereum as the firm advances toward a 5% target ^{[1] [2] [3]}.

Crypto Briefing reported Bitmine’s treasury is valued at about $13.3 billion and holds roughly 5.08 million ETH, with the company publicly aiming to amass approximately 5% of ETH supply. Other outlets reported different valuations of the position—MoneyCheck cited an $11.76 billion figure—reflecting timing and price-source differences in coverage ^{[4] [5]}.

Reports said the latest purchase amounted to about $236 million in ETH and quoted Tom Lee calling Ethereum a 'wartime store of value' as Bitmine continues accumulation; CoinGape additionally noted the Nasdaq-listed BMNR shares were trading flat on the announcement ^{[6] [1]}.

Across media reports, Bitmine’s continued buys have pushed ETH holdings past the 5 million mark as the firm pursues its stated goal of holding roughly 5% of the Ethereum supply ^{[4] [3]}.