Bitmine Stakes $13.8 Billion in ETH as Treasury Tops 6 Million Tokens
The company said it acquired 15,112 ETH last week and now reports 5,067,309 staked ETH, projecting $363 million in annualized staking revenue.
- On Monday, Bitmine Immersion Technologies acquired 15,112 ETH in the week ending October 4, bringing its treasury to 6,016,414 tokens representing 4.9% of Ethereum's 122.1 million supply.
- Chairman Thomas "Tom" Lee stated Bitmine has purchased ETH every week since June 30, 2025, pursuing the firm's long-term "Alchemy of 5%" initiative to accumulate the cryptocurrency.
- Most of Bitmine's holdings are committed to staking through its MAVAN platform, with 5,067,309 tokens worth roughly $13.8 billion contributing to total diversified holdings valued at $17.4 billion.
- Bitmine shares outperformed Ethereum by 731 basis points during the first nine months of 2026, as the firm executed a 21 million share buyback supporting its valuation strategy.
- At the upcoming Token2049 conference in Singapore on October 7, Lee will deliver a keynote addressing Bitmine's market outlook and the current cryptocurrency cycle developments.
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Tom Lee's BitMine Owns 4.9% of All Ethereum. What Happens When It Hits 5%?
The post Tom Lee’s BitMine Owns 4.9% of All Ethereum. What Happens When It Hits 5%? appeared first on 24/7 Wall St..BitMine Immersion Technologies (NYSEAMERICAN:BMNR), chaired by Tom Lee, now holds approximately 4.9% of all ether (CRYPTO:ETH) in circulation. In its latest update on October 5, 2026, BitMine reported owning 6,016,414 ether, valued at about $14.7 billion based on ether’s October 8 price. This figure has increased by around 15,100 c…
Bitmine Immersion Technologies (NYSE: BITM) Acquires $41M In Ethereum, Hitting 99% Of Its "Alchemy Of 5%" Supply Target
Bitmine Immersion Technologies (NYSE: BITM) added another 15,112 Ethereum tokens to its treasury this week, worth approximately $41 million, continuing an unbroken buying streak that began on June 30, 2025. The purchase brings Bitmine’s total Ethereum holdings to 6,016,414 ETH, valued at roughly $16.4 billion at a reference price of $2,726 per coin. That figure […]
Bitmine stakes $13.8 billion in ETH as treasury tops 6 million tokens
Bitmine Immersion Technologies has raised its Ethereum treasury to 6,016,414 ETH after buying another 15,112 tokens over the past week, leaving the company just short of its target to own 5% of Ethereum’s supply. According to Bitmine’s Oct. 5 holdings…
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