Tom Lee’s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH

Key Points

1. Bitmine's ETH holdings reached 1.15 million tokens worth $4.9 billion, an increase of 317,126 ETH in a week.

2. Bitmine now holds 34% of the total ETH treasury holdings among Ethereum treasury companies, the largest share.

3. Ethereum treasury companies collectively hold 2.9% of the entire ETH supply, with spot Ether ETFs holding around 5%.

4. Bitmine's stock (BMNR) has seen a 1,300% increase in value since it began stacking and staking ETH, with a daily trading volume of $2.2 billion.

5. Ethereum's price hit a three-and-a-half-year high of $4,350, nearing its all-time high, and showed resilience by reclaiming $4,300 after a brief retreat.