Tom Lee's BitMine Makes Biggest Ethereum Buy Yet in 2026
BitMine Immersion Technologies, a leading Ethereum treasury firm, acquired 40,302 ETH (valued at $116 million) last week, marking its largest Ethereum purchase in 2026. This brings the firm's total Ethereum holdings to 4,243,338 ETH (about $12.2 billion), representing over 3.5% of Ethereum’s circulating supply. More than 2 million ETH, valued at $5.8 billion, are staked, nearly half the firm’s total holdings, generating staking rewards and supporting the Ethereum network. BitMine plans to launch its own validator network, MAVAN, in early 2026 and projects daily staking rewards surpassing $1 million when fully operational. The firm highlights Ethereum’s growing institutional adoption, particularly as a foundation for tokenization and real-world asset applications. Despite recent price volatility in both ETH and its own shares, BitMine expresses confidence in Ethereum’s central role in the future of digital finance and blockchain reliability.
