Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply

The firm says it's 96% of the way to owning 5% of Ethereum's total supply, according to Chairman Tom Lee.

The top 3

  1. Largest Single Ethereum Holder: The Beacon Deposit Contract, a smart contract for Ethereum's proof-of-stake system, holds the largest amount of ETH, with approximately 85.49 million ETH as of May 2026, representing about 70.84% of the counted supply.
  2. Top Institutional Ethereum Funds: Leading institutional holders of Ethereum include Bitmine Immersion Technologies with 5.8 million ETH ($11 billion) as of July 2026, BlackRock's iShares Ethereum Trust (ETHA) with 2.8 million ETH ($5.5 billion) as of July 2026, and Grayscale's ETHE with 1.13 million ETH under management as of September 2025.
  3. Leading Exchange Ethereum Wallets: Major cryptocurrency exchanges hold substantial amounts of ETH on behalf of their users, with Coinbase holding 4.1 million ETH ($8 billion) and Binance holding 4 million ETH ($7.8 billion) as of July 2026, while Robinhood holds 1.5 million ETH as of January 2026.

Sources

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