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Tom Lee's Bitmine Announces Biggest ETH Buy Since December

Tom Lee continues growing his ETH stack, scooping up over 71k coins last week as his DAT approaches 4% of outstanding supply.
Tom Lee's Bitmine Announces Biggest ETH Buy Since December
Jack Inabinet Jack Inabinet
Apr 6, 2026 • 1 min read
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Tom Lee’s Bitmine is still buying Ethereum, announcing its largest weekly ETH haul in months as the firm continues its corporate treasury strategy.

What's the Scoop?

  • New Buy: Tom Lee’s Bitmine snapped up 71,252 ETH in its largest weekly purchase since December, underscoring an continued commitment to Ethereum Ethereum as a treasury asset.
  • Share Uplisting: Bitmine also announced that it has been approved for uplisting to the New York Stock Exchange (NYSE) from the NYSE American. As a result, BMNR stock will cease trading on the NYSE American after market close on April 8, 2026, and will commence trading on the NYSE effective at the opening of trading on April 9, 2026.
  • Treasury Holdings: Bitmine now holds $11.4B in crypto assets and "moonshots," including 4.8M ETH (nearly 4% of total supply) acquired at an average cost basis of $2,123 per coin. BMNR stock has been trading flat since February, and is down 25% on the year.


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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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