According to Arkham (blockchain analytics platform), the purchase exceeded Strategy Chairman Michael Saylor’s roughly $43 million Bitcoin acquisition, while BitMine’s reported Ethereum holdings reached about $11.99 billion.
Arkham reported that BitMine Chairman Tom Lee purchased approximately $61.36 million worth of Ethereum, a figure that the post said was larger than Strategy Chairman Michael Saylor’s roughly $43 million Bitcoin purchase. The same report said BitMine now holds around $11.99 billion in ETH, equal to about 4.3% of Ethereum’s total supply. Large treasury-style crypto accumulations can draw market attention because they concentrate ownership and signal strong institutional conviction, although the source here only states the scale of the purchases and holdings.