Bitmine Buys $70 Million in Ethereum, Nearing 5% of Supply
Tom Lee's firm acquires 28,086 ETH to reach 4.9% of the total supply despite facing significant unrealized losses.
Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made
First reported by CoinDesk, 44 min ahead of the next publisher · who breaks stories first
This story has stopped developing; this page is its permanent record. More from that day
The odds
All 4 sources published before price tracking began
Price data
| Time | Chance of yes |
|---|---|
| now | 0% |
| 14 Sept, 04:21 UTC | 0% |
| 12 Sept, 18:39 UTC | 0% |
| 11 Sept, 18:39 UTC | 1% |
The story so far
4 publishers have covered this in 4 articles since 8 Sept 2026. CoinDesk published first, on 8 September at 13:06 UTC; Cointelegraph.com News followed 45 min later. The most recent article, from decrypt.co, appeared on 8 September at 15:04 UTC.
Outlets reporting it: CoinDesk (major outlet), Cointelegraph.com News, The Block, decrypt.co.
3 prediction markets price this story:
- Will Ethereum reach $3,200 September 7-13? — resolved “No” on 14 Sept 2026.
- Will the price of Ethereum be above $3,000 on September 15? — resolved “No” on 15 Sept 2026.
- Will the price of Ethereum be above $2,400 on September 11? — resolved “Yes” on 13 Sept 2026.
Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.
How it unfolded
Every source in the order it published.
- CoinDeskBitmine purchased another $69 million of ETH, with Tom DeMark expecting price uptrend to soon resume
- Cointelegraph.com NewsBitmine buys 28k ETH, completes 97% of treasury accumulation goal
- The BlockBitmine nears 5% of Ethereum supply after buying 28,086 ETH
- decrypt.coTom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH
Sources
Every article we clustered into this story. Headlines link to the publisher.
- Bitmine purchased another $69 million of ETH, with Tom DeMark expecting price uptrend to soon resume CoinDesk ·
- Tom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH decrypt.co
- Bitmine nears 5% of Ethereum supply after buying 28,086 ETH The Block
- Bitmine buys 28k ETH, completes 97% of treasury accumulation goal Cointelegraph.com News
Related prediction markets
Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right
- Resolved Will Ethereum reach $3,200 September 7-13? No 40d ago
Wrong market?
- Resolved Will the price of Ethereum be above $3,000 on September 15? No 39d ago
The market favoured No at 100% a day out, and it won. How often it's right
Wrong market?
- Resolved Will the price of Ethereum be above $2,400 on September 11? Yes 41d ago
Wrong market?
In this story
- Bitmine
- Tom Lee
- Ethereum