Tom Lee’s Bitmine Acquires 101,745 ETH worth $236M, Stakes Majority Holdings

• Bitmine acquired 101,745 ETH, raising holdings to over 5.18M ETH, about 4.29% of Ethereum’s total supply.
• Firm stakes 84% of ETH holdings, generating yield with annualized revenue nearing $297M from staking rewards.
• Company targets 5% ETH supply share within months, continuing aggressive accumulation under Tom Lee’s strategy.

Bitmine disclosed that it purchased 101,745 ETH worth $236.8 million during the prior week, expanding its Ethereum treasury. The move comes as Chairman Tom Lee continues aggressive accumulation based on his market outlook. According to the company, most holdings are now staked to generate revenue as accumulation continues.

Holdings Climb Toward Supply Target

Bitmine now holds 5,180,131 ETH, valued at about $12.06 billion. This position represents roughly 4.29% of Ethereum’s total circulating supply.

Notably, the firm aims to reach a 5% share under its internal strategy. At the current weekly pace, that target could be reached within two months.

The company has maintained steady purchases over the past ten months. It scaled from zero holdings to over five million ETH during that period.

Additionally, Bitmine acquired 10,000 ETH directly from the Ethereum Foundation through over-the-counter transactions. This marked its second such deal in recent weeks.

Staking Strategy Drives Revenue Growth

Alongside accumulation, Bitmine has deployed most of its ETH into staking. The firm has staked 4,362,757 ETH, accounting for about 84% of holdings.

These assets are spread across its MAVAN platform and external partners. The network supports institutional clients alongside internal treasury operations.

According to company data, staking yields reached a 7-day annualized rate of 2.91%. This translates to approximately $297 million in annualized revenue.

Tom Lee stated that the firm continues increasing weekly purchases based on its market outlook. He previously noted Ethereum’s relative performance since February.

Broader Strategy And Market Context

Bitmine launched its Ethereum treasury program in June 2025. Early purchases quickly pushed holdings above 800,000 ETH within weeks.

Before that shift, the firm held Bitcoin, including around 200 BTC. However, strategy changed toward Ethereum accumulation in mid-2025.

The company also holds stakes in Beast Industries and Eightco Holdings, alongside $700 million in cash. Total assets across holdings now reach about $13.1 billion.

Bitmine trades on the New York Stock Exchange under ticker BMNR following its April 2026 uplisting.

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