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Bitmine's Tom Lee calls ether 'the wartime store of value' as holdings hit 4.87 million ETH

The company said 3.33 million ETH are staked and MAVAN will expand staking services for institutional investors, custodians and partners.

  • On April 9, 2026, Bitmine Immersion Technologies uplisted from the NYSE American to the New York Stock Exchange , now holding more than 4% of the total Ethereum supply.
  • Chairman Tom Lee guides the firm's "alchemy of 5%" philosophy, positioning Ethereum as a "wartime store of value" during the Iran war to drive long-term treasury accumulation.
  • Assets totaling $11.8 billion include $719 million cash, $200 million in Beast Industries, and $85 million in Eightco Holdings, backed by institutional investors including ARK's Cathie Wood and Founders Fund.
  • Trading under BMNR with average daily volume of $747 million, the stock ranks 117th among U.S.-listed equities, providing liquidity to support ongoing digital asset accumulation.
  • Scaling staking through the Made-in America VAlidator Network projects $310 million in annual rewards, while Wall Street tokenization and agentic AI systems needing neutral blockchains drive expected growth.
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Block Telegraph broke the news in on Monday, April 13, 2026.
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