Bitmine, the crypto firm associated with investor Tom Lee, buys an additional 17,362 ETH, bringing its total ether holdings to more than 6 million ETH and lifting its ownership to about 4.9% of Ethereum’s circulating supply, according to the outlets.
Both reports describe Bitmine as holding a broad portfolio in addition to ether, with one outlet citing total crypto, cash and other investments of about $17.2 billion. The reports also note Bitmine’s staking posture: Decrypt says the company stakes roughly 84% of its tokens and projects that staking could generate about $358 million in annual rewards. The Block highlights ownership relative to ether’s circulating supply and the scale of Bitmine’s holdings, while Decrypt emphasizes the company’s staking share and expected reward output. The outlets do not dispute the additional purchase amount or the resulting estimated ownership level, focusing instead on different aspects of the update—portfolio scale versus staking economics.
