MarketPR

Bitmine Adds $213.57M in $ETH, Reaches 4.59% of Supply With $819.86M Still to Deploy

6/7/2026

Bitmine, the Ethereum treasury company backed by investor Tom Lee, disclosed $213.57 million in new $ETH purchases, lifting its on-chain position to 4.59% of circulating supply — approximately $9.32 billion at current prices.

Arkham Intelligence ($ARKM) data shows the buys landed while $ETH trades near $1,670, inside a breakdown that has taken the token below every major weekly moving average.

The move brings Bitmine within measurable distance of a stated 5% supply threshold, with $819.86 million in additional buying still required to close the gap.

The 5% Target and What It Costs Bitmine's declared strategic objective is a 5% share of Ethereum's circulating supply.