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Tom Lee’s BitMine Corners 3.5% of Ethereum Supply as Treasury Tops With 4.24M ETH Buy

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BitMine Immersion Technologies, a New York–listed firm chaired by Fundstrat’s Tom Lee, has quietly constructed one of the biggest concentrated positions in Ethereum ever disclosed by a single entity.

In an replace published on January 26, BitMine mentioned it now holds 4,243,338 ether, giving the corporate management of roughly 3.52% of Ethereum’s whole circulating provide.

At the time of disclosure, the place was valued at roughly $12 billion, making BitMine the biggest Ethereum treasury on the planet and the second-largest crypto treasury general, behind Strategy Inc., previously Strategy, which holds greater than 700,000 bitcoin.

BitMine Accelerates ETH Accumulation as Prices Slide

The disclosure exhibits how shortly BitMine’s steadiness sheet has expanded over the previous six months.

Weekly buy information shared by the corporate signifies regular accumulation since late October, 2025, with significantly giant shopping for exercise in December.

In the week ending January 26 alone, BitMine added simply over 40,000 ETH, following purchases of greater than 35,000 ETH the prior week and a number of other six-figure ETH buys in December.

Last week the company bought the dip, purchasing $110M worth of Ethereum.

The tempo of accumulation has continued even as ether costs softened, with ETH down double digits over the previous month amid broader market volatility.

Ethereum is at the moment buying and selling at $2,940.44, displaying a 2.0% improve over the previous hour, which suggests short-term shopping for stress returning to the market.

Source: Cryptonews

On a 24-hour foundation, ETH is up a modest 0.4%, indicating comparatively secure value motion regardless of broader market fluctuations.

However, over the previous seven days, Ethereum has declined by 8.4%, reaching as low as $2,787.

Source: Bitmine

BitMine’s whole crypto, money, and fairness holdings now stand at $12.8 billion, in response to the corporate.

In addition to its Ethereum place, the agency holds 193 bitcoin, $682 million in money, a $200 million stake in Beast Industries, and a smaller fairness place in Eightco Holdings.

BitMine’s Ethereum Bet Moves Closer to the 5% Mark

The firm trades on the NYSE American beneath the ticker BMNR and was final priced round $28.50, down modestly on the day and barely decrease over the previous week.

The Ethereum accumulation is central to BitMine’s acknowledged long-term technique, as it has publicly set a objective of buying 5% of Ethereum’s whole provide, a goal it refers to as the “alchemy of 5%.”

Based on present provide estimates, reaching that stage would require roughly 6 million ETH.

At present market costs, closing that hole would require a number of billion {dollars} in further capital.

BitMine Expands Ethereum Staking as Holdings Grow

Beyond holding ether on its steadiness sheet, BitMine can also be increasing its staking operations. As of January 25, the corporate had staked 2,009,267 ETH, value about $5.7 billion, representing practically half of its whole holdings.

Source: Bitmine

Using the composite Ethereum staking fee of roughly 2.81%, BitMine estimates {that a} absolutely deployed staking technique might generate about $374 million in annual charges, or greater than $1 million per day.

For now, the corporate depends on exterior staking suppliers, however it plans to launch its infrastructure, identified as the Made in America Validator Network, or MAVAN, in early 2026.

Chairman Tom Lee has framed the Ethereum technique as a long-term wager on institutional adoption of blockchain know-how.

Speaking after final week’s World Economic Forum meeting in Davos, Lee mentioned discussions amongst policymakers and enterprise leaders more and more level to the convergence of conventional finance, crypto, and synthetic intelligence.

He pointed to Ethereum’s position in tokenization and monetary infrastructure initiatives as proof that Wall Street is already constructing on the community.

The publish Tom Lee’s BitMine Corners 3.5% of Ethereum Supply as Treasury Tops With 4.24M ETH Buy appeared first on Cryptonews.

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