Tom Lee's Bitmine Buys $30 Million More Ethereum as Its Buying Plan Nears an End
Bitmine adds $30 million in Ethereum
Bitmine, a company chaired by investor Tom Lee, has added about $30 million worth of Ethereum (ETH) to its holdings. Ethereum is the second-largest cryptocurrency by market value. Decrypt reported the purchase on October 19, 2026.
According to the report, the company's large-scale Ethereum buying is close to reaching its finish line. That suggests Bitmine is approaching the end of its current accumulation effort, though the source does not state an exact end date.
Key points
- Bitmine's latest Ethereum purchase was worth roughly $30 million.
- Tom Lee is the chair of Bitmine.
- The company's buying program is described as nearing its finish line.
- The report covers only this latest purchase; it does not list the company's total Ethereum holdings.
What is confirmed
Decrypt reported that Bitmine added about $30 million of Ethereum and that the buying is nearing its end. Ethereum's price was shown at about $2,398 at the time of the report.
What is still unclear
The source does not say exactly when the buying program will stop, how much Ethereum Bitmine holds in total, or whether the company plans further purchases after this one.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.