---
title: "Tom Lee’s Bitmine nears 5% Ethereum supply target with $20 million ETH buy as he predicts tokenization and AI ‘supercycle’"
url: https://thecoingazette.com/tom-lees-bitmine-nears-5-ethereum-supply-target-with-20-million-eth-buy-as-he-predicts-tokenization-and-ai-supercycle/
date: 2026-11-09
modified: 2026-11-09
lang: en
author: "Coin Gazette Editorial"
description: "Bitmine bought another 9,587 ETH last week, closing in on its target of 5% of Ethereum's circulating supply."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 18
---

# Tom Lee’s Bitmine nears 5% Ethereum supply target with $20 million ETH buy as he predicts tokenization and AI ‘supercycle’

Bitmine bought another 9,587 ETH last week, closing in on its target of 5% of Ethereum's circulating supply.