---
title: "Bitmine, led by Tom Lee, buys $74M in Ethereum, now holding almost 5.99M ETH (4.9% total). Lee bullish on crypto market."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299660223.md"
description: "Bitmine has acquired more tokens, bringing their total holding of ETH to approximately 5.99 million, which accounts for 4.9% of the total supply. Chairman Tom Lee believes that Ethereum's strong performance indicates a potential upward trend, especially given that institutional investors are currently holding less ETH than expected."
datetime: "2026-09-21T15:02:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299660223.md)
  - [en](https://longbridge.com/en/news/299660223.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299660223.md)
generator: "portal-rs"
---

# Bitmine, led by Tom Lee, buys $74M in Ethereum, now holding almost 5.99M ETH (4.9% total). Lee bullish on crypto market.

Bitmine has acquired more tokens, bringing their total holding of ETH to approximately 5.99 million, which accounts for 4.9% of the total supply. Chairman Tom Lee believes that Ethereum's strong performance indicates a potential upward trend, especially given that institutional investors are currently holding less ETH than expected.

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## Related News & Research

- [ETH on track to close the best September since 2016](https://longbridge.com/en/news/300413936.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**