Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply
Bitmine Immersion Technologies now holds 6,001,302 ETH, worth about $16.2 billion, or 4.9% of the 122.1 million ETH in circulation, putting it close to its long-running goal of owning 5% of supply. It bought 17,362 ETH in the past week and says it is 98% of the way to its “Alchemy of 5%” target. Total assets are about $17.2 billion, including 213 BTC, $672 million in cash and securities, and equity stakes in Beast Industries and Eightco. Bitmine has staked 5,067,309 ETH, or 84% of holdings, mainly through its MAVAN staking platform. At a 7-day annualized yield of 2.62%, projected staking revenue is about $358 million a year, rising to $424 million if all ETH is staked. The company says it has added ETH every week since June 30, 2025, and is now the largest Ethereum treasury and the second-largest corporate crypto treasury overall, behind Strategy.
