# Tom Lee's BitMine Now Holds 3% of ETH Supply After Latest Acquisition

*Author: Bankless*
*Published: Nov 24, 2025*
*Source: https://www.bankless.com/read/news/tom-lees-bitmine-now-holds-3-of-eth-supply-after-latest-acquisition*

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BitMine increased its Ethereum holdings to 3,629,701 ETH –  now over 3% of total supply — after acquiring nearly 70,000 ETH last week.

## What’s the Scoop?
- **ETH Accumulation:** BitMine's stash is worth about $10.2B, down from more than $12B two weeks ago as ETH fell nearly 30% over the past month.
- **Financial Moves:** The company recently reported $328M in net income for its fiscal year ending Aug. 31 and introduced a dividend for shareholders. BitMine also approved a share buyback plan in July to complement ongoing ETH purchases.
- **Other Holdings:** BitMine disclosed it also owns 192 BTC, holds a $38M stake in Eightco Holdings, and maintains $800M in unencumbered cash.