Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply
Published . Updated .
Bitmine has staked 84% of its tokens, a position it projects will generate some $358 million a year in staking rewards.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- ETHA iShares Ethereum ETF
GA selected ETHA as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ETHW BITWISE ETHEREUM ETF
GA selected ETHW as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- QETH INVESCO GALAXY ETHEREUM ETF
GA selected QETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- TETH 21SHARES ETHEREUM ETF
GA selected TETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Bitmine has staked 84% of its tokens, a position it projects will generate some $358 million a year in staking rewards.
Source: Decrypt
iShares Ethereum Trust ETF (ETHA) since this story, compared with the market
Since the first closing price after “Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply,” iShares Ethereum Trust ETF (ETHA) is +166.83%. The S&P 500 fund (SPY) is +0.29% over the same days, a +166.54% difference versus the market.
Who gains and who loses around iShares Ethereum Trust ETF (ETHA)
Companies tied to this story
- ETHA iShares Ethereum Trust ETF
In “Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply,” iShares Ethereum Trust ETF (ETHA) is linked, with no stored direction, medium confidence. Reason on file: GA selected ETHA as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ETHW Bitwise Ethereum ETF
Bitwise Ethereum ETF (ETHW) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply.” Reason on file: GA selected ETHW as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- QETH Invesco Galaxy Ethereum ETF
Invesco Galaxy Ethereum ETF (QETH) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply.” Reason on file: GA selected QETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- TETH 21Shares Ethereum Staking ETF
For “Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply,” 21Shares Ethereum Staking ETF (TETH) is linked, with no stored direction, medium confidence. Reason on file: GA selected TETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
iShares Ethereum Trust ETF (ETHA)
“Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply” (28 Sep 2026) reaches iShares Ethereum Trust ETF (ETHA) through this story.
What ties iShares Ethereum Trust ETF (ETHA) to the headline is this: GA selected ETHA as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Bitwise Ethereum ETF (ETHW): GA selected ETHW as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for iShares Ethereum Trust ETF (ETHA)
ETHA traded between 19.89 and 61.65 across 20 sessions. The latest close on file is 54.10. ETHW traded between 16.61 and 19.79 across 20 sessions. The latest close on file is 17.09. QETH traded between 23.84 and 27.54 across 20 sessions. The latest close on file is 23.97.
A simple score for iShares Ethereum Trust ETF (ETHA)
33 out of 100
“Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.