Tom Lee's Bitmine has added another roughly $19 million in Ethereum to its treasury, lifting its Bitmine Ethereum holdings to 5.82 million ETH and pushing the company closer to owning 5% of t
Tom Lee's Bitmine has added another roughly $19 million in Ethereum to its treasury, lifting its Bitmine Ethereum holdings to 5.82 million ETH and pushing the company closer to owning 5% of the entire ETH supply.
BitMine Immersion Technologies, the Ethereum treasury vehicle chaired by Fundstrat's Tom Lee, acquired 9,926 ETH over the prior week, according to a company press release dated August 17, 2026. For related coverage, see Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.78 Million Tokens, and Total Crypto and Total Cash Holdings of $11.5 Billion.
Decrypt reported that the latest treasury purchase was worth roughly $19 million and brought the firm's total position to 5.82 million ETH.
The disclosure marks another weekly step in a steady accumulation program, following an earlier stretch in which Bitmine bought 33,000 ETH in a single week. The pace has slowed, but the direction has not changed.
As of August 16, 2026 at 9:30 p.m. ET, Bitmine said it held 5,815,164 ETH valued at $1,893 per ETH, alongside $11.4 billion in total crypto and cash holdings.
Of that stack, the company disclosed 5,067,309 staked ETH, representing about $9.6 billion, meaning roughly 87% of its Ethereum position is generating staking yield rather than sitting idle.
The build-out reflects a treasury strategy that treats Ethereum as a core reserve asset, a stance Bitmine has reinforced through repeated buys documented in prior filings, including one where Bitmine accumulated 51,162 ETH in an earlier reporting period. Each weekly update has ratcheted the total higher against a broadly flat market.
At current levels, Ethereum traded around $1,908.50, based on CoinGecko market data, up 1.29% over 24 hours, which helps translate the 9,926 ETH weekly addition into the headline's approximate dollar figure.
ETH spot price $1,908.50 This market price helps translate Bitmine's 9,926 ETH weekly addition into the headline's approximate dollar figure.Bitmine said its Ethereum position equals 4.8% of Ethereum's 120.7 million total coin supply, placing the company just below its stated 5% ownership goal.
Share of ETH supply 4.8% Bitmine's disclosed 5,815,164 ETH position puts the company just below its stated 5% ownership goal.Using Bitmine's own 120.7 million ETH supply baseline, the firm still needs about 219,836 more ETH to reach the 5% threshold, a gap it could close in a matter of weeks at recent buying rates.
Concentration at that scale carries market-structure weight: a single corporate holder controlling nearly one in twenty ETH tightens available float, particularly when 5,067,309 of those coins are already locked in staking and effectively out of circulation.
Bitmine has framed the accumulation as a bet on Ethereum adoption, citing the GENIUS Act and the SEC's Project Crypto as regulatory tailwinds in its press release, rather than tying the buy to any new filing or approval.
The repeat-buy cadence positions Bitmine as the most aggressive public proxy for the corporate ETH treasury thesis, echoing an earlier update where the company paired more Ethereum buying with a stock buyback.
Analysts have flagged the supply-side implications of this behavior before, with one prior discussion asking whether Bitmine's buying could trigger a supply shock as staked and treasury-held coins accumulate.
Sentiment across the broader market remains cautious even as Bitmine keeps buying, with the Fear & Greed Index printing 31, a reading labeled Fear, for August 17, 2026.
Tom Lee said Bitmine acquired 9,926 ETH over the past week, an addition Decrypt valued at roughly $19 million, lifting total holdings to 5.82 million ETH.
Its 5,815,164 ETH equal 4.8% of the 120.7 million supply, leaving a gap of about 219,836 ETH to reach 5%.
Owning nearly one-twentieth of all ETH concentrates supply in a single treasury, and with more than 5 million coins staked, a large share is removed from active circulation.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
The post Tom Lee's Bitmine Buys Another $19M in Ethereum as Holdings Near 5% of ETH Supply was initially published on Coincu.
