Ethereum, BMNR news: Bitmine buys 26K ether (ETH) after Tom Lee said to slow down accumulation
The company said it now holds 5.2 million ether and has staked more than 4.7 million ETH as it nears its long-term target.
- Bitmine Immersion Technologies Chairman Tom Lee announced Monday the company is slowing its weekly ether accumulation pace from over 100,000 ETH per week, moving away from its previous target of reaching 5% supply by mid-July.
- The company's holdings reached over 5.2 million ETH, representing around 4.31% of the circulating supply according to Monday's update, following months of aggressive accumulation since the start of 2026.
- Staking operations now involve 4.7 million ETH—over 90% of total holdings—with Bitmine's Made-in America VAlidator Network generating $319 million in annualized revenue at a 2.86% yield.
- Lee reiterated his view that "crypto spring" has begun, citing ether's recent recovery and improving sentiment in software stocks; ETH closing above $2,100 at month-end would validate this trend.
- Guided by its "alchemy of 5%" philosophy, Bitmine continues deploying excess capital to position itself as the world's leading Ethereum treasury, maintaining ETH as its primary treasury reserve asset.
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Bitmine Immersion Technologies [NYSE: BMNR] Accumulates 5.21 Million Ether Worth $12.3 Billion After New Buy
Bitmine Immersion Technologies Inc. [NYSE: BMNR] has disclosed that its Ethereum holdings have reached 5.21 million tokens, representing 4.31% of the total ETH coin supply of 120.7 million tokens and placing the company 86% of the way toward its stated “Alchemy of 5%” accumulation target in just 11 months. As of May 10, 2026, Bitmine’s […] The post Bitmine Immersion Technologies [NYSE: BMNR] Accumulates 5.21 Million Ether Worth $12.3 Billion Aft…
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.21 Million Tokens, and Total Crypto and Total Cash Holdings of $13.4 Billion
Bitmine owns more than 4.31% of the total ETH coin supply of 120.7 million Bitmine is 86% of the way to the 'Alchemy of 5%' in just 11 months Crypto Spring has...
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.21 Million Tokens, and Total Crypto and Total Cash Holdings of $13.4 Billion - BlockTelegraph
Bitmine owns more than 4.31% of the total ETH coin supply of 120.7 million Bitmine is 86% of the way to the ‘Alchemy of 5%’ in just 11 months Crypto Spring has commenced and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen As reflected in this edition of Tom Lee’s Chairman’s Message Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from …
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