Tom Lee’s Bitmine has bought more ETH over the last 24 hours, boosting its Ethereum treasury to above 5.3 million ETH. This comes amid the company chairman Tom Lee’s revelation that they could be on course to join the Russell 1000.
The crypto stock’s market cap is above the minimum $5.7 billion for large-cap inclusion.
In an X post, on-chain analytics platform Onchain Lens revealed that a wallet likely linked to the Ethereum treasury company withdrew 60,000 ETH, worth $126 million, from Bitgo and the crypto exchange Kraken. With this latest purchase, the company now holds over 5.33 million ETH.
This latest purchase follows Bitmine’s $154 million ETH purchase announced earlier this week. The company now holds over 4.3% of the total ETH supply, moving closer to its goal of 5%.
Meanwhile, the company has staked over 4.7 million of its ETH holdings, worth over $10 billion, with annualized staking revenues now at $289 million.
It seems that Tom Lee(@fundstrat)'s #Bitmine just bought another 60,000 $ETH($125.9M).
2 newly created wallets likely linked to #Bitmine just received 60,000 $ETH($125.9M) from #Kraken and #BitGo.https://t.co/ERjkigDF1Uhttps://t.co/I4szPTrqFn pic.twitter.com/qYZBWRSJpA
— Lookonchain (@lookonchain) May 22, 2026
You need to login in order to Like
Leave a comment