According to the source, an X post on Nov 26, 2025 claims Tom Lee’s BNMR now owns 3% of the Ethereum ETH supply. Source: X post dated Nov 26, 2025. At approximately 120 million ETH outstanding as of 2024, 3 percent would equal about 3.6 million ETH, a size that could meaningfully affect circulating float and staking dynamics if verified. Source: Etherscan ETH supply tracker 2024; Source: Ethereum.org Staking documentation for the 32 ETH validator requirement. The post included no wallet addresses or on-chain proofs; traders should wait for disclosed addresses and confirm any holdings via Etherscan or reputable on-chain analytics before repositioning. Source: X post dated Nov 26, 2025; Source: Etherscan. In the interim, monitor ETH spot–futures basis and perpetual funding rates for corroborative signals of large accumulation or distribution during US and Asia sessions. Source: CME Group education on futures basis; Source: Binance Futures funding rate documentation.

According to @EmberCN, Bitmine bought 69,822 ETH last week worth about $202 million (source: @EmberCN, X, Nov 24, 2025). Bitmine now holds 3.63 million ETH valued near $10.19 billion, representing 3% of ETH supply (source: @EmberCN). The reported average cost basis is $3,988 per ETH, setting a whale breakeven reference at $3,988 for ETH traders to monitor (source: @EmberCN). Based on these figures, Bitmine’s unrealized loss is $4.28 billion or -29.6% on its ETH position (source: @EmberCN).

According to @EmberCN, Bitmine purchased 54,000 ETH last week (about $180 million), bringing its reported holdings to 3.56 million ETH (about $11.27 billion), nearing 3% of total ETH supply; source: @EmberCN on X, Nov 17, 2025, x.com/BitMNR/status/1990431998259736783. The reported blended cost basis is $4,009 per ETH, implying an unrealized loss of roughly $2.98 billion (-21%); source: @EmberCN on X, Nov 17, 2025, x.com/BitMNR/status/1990431998259736783. For trading context, the concentration near 3% of supply and the $4,009 cost basis set notable on-chain reference levels that participants may monitor for liquidity and positioning signals; basis and concentration figures source: @EmberCN on X, Nov 17, 2025, x.com/BitMNR/status/1990431998259736783.