{"id":891543,"date":"2026-02-10T23:12:03","date_gmt":"2026-02-11T05:12:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/10\/tom-lee-backed-bitmine-controls-3-6-of-ethereum-supply-after-price-crash\/"},"modified":"2026-02-10T23:12:03","modified_gmt":"2026-02-11T05:12:03","slug":"tom-lee-backed-bitmine-controls-3-6-of-ethereum-supply-after-price-crash","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/10\/tom-lee-backed-bitmine-controls-3-6-of-ethereum-supply-after-price-crash\/","title":{"rendered":"Tom Lee-Backed Bitmine Controls 3.6% of Ethereum Supply After Price Crash"},"content":{"rendered":"
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CryptoNews Editorial Team<\/p>\n

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Author<\/p>\n

CryptoNews Editorial Team<\/span>\"Verified\"<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Sep 2018<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

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In a risky but potentially rewarding play, Ethereum<\/a> treasury company Bitmine Immersion Technologies (BMNR) has become the largest corporate holder of ETH, now controlling 3.6% of the total supply after aggressively buying the dip.<\/p>\n

The firm, backed by Fundstrat\u2019s Tom Lee, purchased an additional 40,613 Ether last week<\/a> as prices collapsed toward $1,700, bringing Bitmine\u2019s total treasury to over 4.3 million tokens despite sitting on massive unrealized losses<\/a> from its ETH portfolio, which holds 4.3 million tokens at an average price of $3,826.<\/p>\n

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Key Takeaways<\/strong><\/p>\n