Tom Lee’s BitMine Storms the NYSE With $11 Billion in Crypto
Bitmine Immersion Technologies (BMNR) introduced $11.4 billion in whole crypto and money holdings alongside approval to uplist to the New York Stock Exchange (NYSE).
The firm will start buying and selling on the NYSE on April 9, 2026, after its inventory ceases buying and selling on the NYSE American following market shut on April 8. BMNR will retain its ticker image.
BitMine’s ETH Treasury Grows to Nearly 4% of Total Supply
BitMine’s holdings as of this writing embody 4,803,334 Ethereum (ETH) tokens valued at $2,146 per coin, 198 Bitcoin (BTC), a $200 million position in Beast Industries, a $92 million stake in Eightco Holdings (ORBS), and $864 million in money.
The firm now controls 3.98% of all ETH in circulation, putting it over 79% towards its acknowledged purpose of accumulating 5% of the whole provide.
That goal has been central to BitMine’s strategy since its pivot from Bitcoin mining to Ethereum accumulation in mid-2025.
BitMine acquired 71,252 ETH in the week ending April 5, its highest weekly buy since late December 2025.
The firm has steadily elevated its weekly shopping for tempo all through 2026, rising from roughly 33,000 tokens per week in early January to above 70,000.
Tom Lee Frames ETH as a Wartime Safe Haven
Chairman Thomas “Tom” Lee, additionally recognized for his function at Fundstrat, positioned Ethereum’s efficiency towards the backdrop of the ongoing Iran conflict, which started on February 28 with joint US-Israeli strikes.
“ETH stays the second finest performing asset since the begin of the warfare, with a 6.8% acquire and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime retailer of worth,” read an excerpt in the announcement, citing Tom Lee.
Lee added that Ethereum benefits from Wall Street’s shift toward blockchain tokenization and rising demand from agentic AI methods for public, impartial networks.
The Iran warfare has triggered what the International Energy Agency known as the largest provide disruption in oil market historical past, sending shockwaves via equities and commodities globally.
Against that backdrop, Lee argued that ETH’s absolute positive factors sign investor confidence that might finally pull sidelined capital again into threat belongings.
These remarks align with sentiment from Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, throughout a current BeInCrypto Experts Council.
“I feel Ethereum in all probability wins for the subsequent few minutes on the again of TradFi getting concerned. As banks and different construct stuff on the blockchain house, it’s virtually all going to occur on Ethereum for the subsequent couple of years, I feel,” Kendrick advised BeInCrypto.
Staking and Institutional Backing
BitMine has 3,334,637 ETH staked, producing an annualized yield of two.78% and annualized staking revenues of $196 million. The firm additionally launched MAVAN, its institutional-grade Ethereum staking platform constructed to serve custodians and ecosystem companions.
The agency ranks as the 96th most traded inventory in the US by every day greenback quantity at $987 million, putting it between Schlumberger and Adobe.
Its institutional investor base contains ARK Invest’s Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital, and private investor Tom Lee.
BitMine now trails solely Strategy Inc. (MSTR) as the second-largest crypto treasury firm globally. Strategy holds 766,970 BTC valued at roughly $53.5 billion.
The NYSE uplisting, rising weekly ETH accumulation, and rising staking income counsel BitMine’s subsequent part will check whether or not institutional urge for food for an Ethereum-focused treasury mannequin can rival the consideration that Strategy has drawn with Bitcoin.
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