Tom Lee’s Bitmine Grows ETH Treasury to 5.74M Tokens
The company said 4,879,157 ETH is staked and its combined crypto, cash and investment holdings total $11.1 billion.
- Bitmine Immersion Technologies reported its Ethereum holdings reached 5,742,237 ETH, placing the company 95% toward its 'Alchemy of 5%' goal of owning 5% of total Ethereum supply.
- To maximize returns, Bitmine has staked 4,879,157 ETH, representing about 85% of its position, generating about $235 million in annualized staking revenue.
- Bolstered by stakes in Beast Industries and Eightco Holdings, Bitmine's total holdings reached $11.1 billion; the company joined the Russell 1000 Large-cap Index on June 26.
- Chairman Tom Lee said optimism around the CLARITY Act, with prediction markets putting passage odds at around 50%, serves as a tailwind for Ethereum, attracting 'hundreds and possibly thousands' of new institutional shareholders.
- Ecosystem adoption continues as Ethereum layer-2 networks process USDC activity for Shopify and Visa, while Bitmine promotes its Made in America Validator Network to serve institutional investors.
20 Articles
20 Articles
Ether Approaches $2K on Bitmine ETH Purchase and Robinhood L2 News
Ether has bounced back sharply, rising roughly 15% over the past five days and pulling away from the $1,500 area that marked a June 26 low. The recovery reflects a mix of renewed confidence around Ethereum’s roadmap and ongoing accumulation of ETH by BitMine Immersion Technologies. Beyond price, Ethereum’s narrative is also shifting toward practical use cases: the Glamsterdam upgrade is still progressing through testing toward later in 2026, whi…
CoinStats - Ether climbs toward $2K as Bitmine buys ETH, ...
ETH charts a path toward $2,000 as TradFi adoption, DAT buying and a long-awaited network upgrade boost investor interest. Key takeaways:Ether (ETH) price rallied 15% in five days, distancing itself from the $1,500 low hit on June 26. Part of the improvement in investor sentiment can be pinned to the final tests on Ethereum’s Glamsterdam upgrade, targeted for later in 2026. Moreover, BitMine Immersion Technologies' continued Ether accumulation …
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