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Tom Lee’s BitMine buys 15,000 ETH from Ethereum Foundation, pushing holdings over 5 million ETH.

Market News
27 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Tom Lee’s BitMine purchased 15,000 ETH from the Ethereum Foundation in 2026 through two over-the-counter deals worth about $34 million. These direct sales are part of BitMine’s strategy to grow its Ethereum treasury, now totaling over 5 million ETH, representing more than 4.2% of Ethereum’s circulating supply. The Ethereum Foundation continues to sell ETH to fund operations while increasing staking activities. BitMine’s large holdings and recent purchases highlight its role as a major corporate Ethereum holder, using ETH both as an asset and for staking to generate yield.

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