---
title: "Bitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum's total supply"
url: https://thecoingazette.com/bitmine-acquires-26497-eth-as-it-targets-a-slower-approach-to-5-of-ethereums-total-supply/
date: 2026-06-01
modified: 2026-06-01
lang: en
author: "Coin Gazette Editorial"
description: "Bitmine Chairman Tom Lee said the company would reach its 5% acquisition target of Ethereum's total supply \"sometime in 2026.\""
categories:
  - "Crypto News"
  - "Ethereum"
tags:
  - "bitmine"
  - "Companies"
  - "Crypto Ecosystems"
  - "Equities"
  - "ETH"
  - "ethereum"
  - "Finance firms"
  - "Investment Firms"
  - "Layer 1s"
  - "Markets"
  - "The Block"
  - "Tom Lee"
word_count: 20
---

# Bitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum's total supply

Bitmine Chairman Tom Lee said the company would reach its 5% acquisition target of Ethereum's total supply "sometime in 2026."