Tom Lee’s BitMine approaches 50% of goal to hold 5% Ethereum supply

BMNR's strategy could significantly influence Ethereum's market dynamics and institutional adoption, potentially stabilizing its value.

By Vivian Nguyen

Oct. 2, 2025 Updated 1:24 p.m. ET

Tom Lee-led Bitmine Immersion (BMNR) is approaching 50% of its goal to hold 5% of Ethereum’s total supply.

BMNR has been methodically increasing its Ethereum holdings through targeted purchases during market dips, aligning with Lee’s vision of positioning the company as a major institutional holder of the asset.

Lee’s approach with BMNR mirrors strategies seen in other crypto-focused firms, emphasizing Ethereum as a key reserve asset amid growing regulatory clarity in the US.

Ethereum remains a dominant blockchain network increasingly adopted by institutions for its smart contract capabilities and layer 2 scaling solutions.

Tom Lee’s BitMine approaches 50% of goal to hold 5% Ethereum supply

BMNR's strategy could significantly influence Ethereum's market dynamics and institutional adoption, potentially stabilizing its value.

by Vivian Nguyen | Powered by Gloria

Oct. 2, 2025

Photo by Noah Berger

Tom Lee-led Bitmine Immersion (BMNR) is approaching 50% of its goal to hold 5% of Ethereum’s total supply.

Lee’s approach with BMNR mirrors strategies seen in other crypto-focused firms, emphasizing Ethereum as a key reserve asset amid growing regulatory clarity in the US.

Ethereum remains a dominant blockchain network increasingly adopted by institutions for its smart contract capabilities and layer 2 scaling solutions.