{"id":6833,"date":"2026-01-19T10:40:00","date_gmt":"2026-01-19T10:40:00","guid":{"rendered":"https:\/\/dailystreetchronicle.com\/index.php\/2026\/01\/19\/tom-lees-bitmine-immersion-now-hold-3-4-eth-supply\/"},"modified":"2026-01-19T10:40:00","modified_gmt":"2026-01-19T10:40:00","slug":"tom-lees-bitmine-immersion-now-hold-3-4-eth-supply","status":"publish","type":"post","link":"https:\/\/dailystreetchronicle.com\/index.php\/2026\/01\/19\/tom-lees-bitmine-immersion-now-hold-3-4-eth-supply\/","title":{"rendered":"Tom Lee\u2019s Bitmine Immersion Now Hold 3.4% ETH Supply"},"content":{"rendered":"

The post Tom Lee\u2019s Bitmine Immersion Now Hold 3.4% ETH Supply<\/a> appeared first on Coinpedia Fintech News<\/a><\/p>\n

Bitmine Immersion, led by Tom Lee, has now accumulated a 3.4% share of the total Ethereum circulating supply. As Bitmine emerged as one of the largest ETH holders, exchange supply dropped sharply, with only 16.3 million ETH left for trading.<\/p>\n

Despite this strong accumulation, Ethereum\u2019s price has slipped by around 4%,<\/a> trading below the $3,200 level.<\/p>\n

Bitmine Holds 3.4% of Ethereum Supply<\/h2>\n

According to the latest data, Bitmine Immersion now controls more than 4.167 million ETH, equal to about 3.4% of Ethereum\u2019s circulating supply. With a value of nearly $13.32 billion, this makes Bitmine one of the largest ETH holders in the world.<\/p>\n

<\/figure>\n

Bitmine\u2019s steady accumulation over recent months clearly aligns with Chairman Tom Lee\u2019s long-term vision of owning close to 5% of Ethereum\u2019s total supply. The slow and consistent buying shows a long-term belief in ETH, not a short-term trading move.<\/p>\n

Other institutions are also building positions. Sharplink, for example, holds around 864,000 ETH<\/a>, worth roughly $3.1 billion, giving it about 0.7% of the total supply.\u00a0<\/p>\n

On top of that, spot Ethereum ETFs have gathered nearly $19.7 billion in holdings since launch, adding further pressure on available supply.<\/p>\n

ETH Supply on Exchanges Keeps Shrinking<\/h2>\n

With institutions locking away large amounts of ETH, exchange balances are falling. According to CryptoQuant data, only about 16.3 million ETH remain on exchanges for trading. <\/p>\n

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When fewer coins are available for trading, even small increases in demand can have a strong impact on price over time.<\/p>\n

Ethereum Price Is Still Struggling<\/h2>\n

Despite strong accumulation and shrinking exchange balances, Ethereum\u2019s price has slipped recently, trading near $3,200, down around 4% on the day. This recent drop followed ongoing geopolitical tension after Donald Trump threatened 10% tariffs on several European countries.<\/p>\n

Indeed, the technical chart hint bullish upside for ETH. According to popular trader Merlijn the Trader,<\/a> Ethereum is now \u201ccoiled,\u201d with several bullish signals.\u00a0<\/p>\n

His chart highlights a falling wedge breakout, a double bottom, and improving momentum. According to him, $3,300 is the key level. As long as Ethereum stays above it, the bullish setup remains intact. <\/p>\n

If this level holds, ETH could move higher toward the $3,900 to $4,000 range, which stands as the next major target.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The post Tom Lee\u2019s Bitmine Immersion Now Hold 3.4% ETH Supply appeared first on Coinpedia…<\/p>\n","protected":false},"author":1,"featured_media":6834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/6833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=6833"}],"version-history":[{"count":0,"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/6833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/6834"}],"wp:attachment":[{"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=6833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=6833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailystreetchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=6833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}