Tom Lee’s Bitmine Keeps Buying Ethereum, Treasury Nears 5.8 Million ETH
The Tom Lee-chaired Bitmine Immersion Technologies continues to develop its Ethereum treasury, including virtually 10,000 ETH over the previous week.
This buy was barely bigger than the one from the previous week, however it’s nonetheless considerably decrease than many accomplished only a month in the past. Recall that the previous BTC miner bought over 52,000 ETH in June.
Another 9,946 ETH Scooped
The press launch shared by the corporate outlined the spectacular streak, noting that the agency has acquired some portion of ETH for nicely over a yr. In reality, this accumulation spree started when it launched the Ethereum Treasury Strategy on June 30, 2025, and has continued to at the present time.
The buy of the 9,946 ETH prior to now week introduced Bitmine’s whole holdings to five,787,414 ETH, price nicely over $11 billion at present costs. However, it nonetheless stays deep within the pink since its common shopping for value is almost twice as high.
Bitmine stated it continues with its essential aim to deliver its whole stash to five% of Ethereum’s whole provide. It has now come to lower than 0.2% of that concentrate on, however it retains demonstrating that the agency stays dedicated to accumulating Ethereum regardless of already controlling practically one in each 20 ETH in existence.
Chairman Tom Lee remains to be bullish on the trade and Ethereum specifically, pointing to the strengthening of the ETH/BTC pair and the current technical momentum. The largest altcoin has outperformed the market over the previous few days, posting one other 5% surge each day and hitting a 2-month peak at virtually $2,000. Lee believes $2,000 and $2,500 are ETH’s essential obstacles on the trail to a significant restoration.
Staking Continues
In occasions when the precise variety of validators who need to unstake their ETH tokens has gone down to virtually zero, Bitmine doubled down on its technique to put virtually all of its stash to work. The agency revealed that greater than 4.9 million tokens have been staked via its institutional platform, MAVAN.
Staking 85% of its whole holdings signifies that the agency’s seven-day staking yield of two.65% (annualized) initiatives annual income of roughly $254 million. The firm plans to allocate its total ETH fortune to staking, which might improve the quantity to roughly $300 million.
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