Bitmine Immersion Technologies secures 4.8% of Ethereum supply, Tom Lee confirms

Bitmine Immersion Technologies, chaired by Tom Lee, has acquired an additional 9,926 Ethereum tokens to bring its total stockpile to 5,815,164 ETH as of August 16, 2026. The Norwalk, Connecticut-based firm now commands exactly 4.8 percent of the entire global Ethereum supply. The latest purchase pushes the company’s cryptocurrency treasury holdings to roughly $11 billion.The aggressive accumulation aligns with Bitmine’s stated goal of functioning as a primary bridge between the Ether