Bitmine Immersion Technologies has increased its Ethereum exposure following a fresh round of large-scale purchases. The company now holds over 4.8 million ETH, placing it among the largest holders globally. This expansion comes as Chairman Tom Lee maintains an aggressive accumulation strategy during the current market phase.
Bitmine accelerates ETH accumulation toward 5 percent supply goal
According to a press release that was shared by PR Newswire, Bitmine acquired 71,252 ETH last week, pushing its total holdings to 4,803,334 ETH. Following this new acquisition, this position now represents approximately 3.98 percent of Ethereum’s total supply, reinforcing the company’s standing as the largest Ethereum treasury globally.
Its holdings are worth $8.64 billion at the current market price of $2,123 per ETH, with a total asset base of 11.4 billion, including 864 million in cash reserves.
This is the largest weekly purchase of Bitmine since December 22, 2025, and represents a pattern of buying that has been seen in the last four weeks.
Chairman Tom Lee confirmed the pace, stating, “In the past week, we acquired 71,252 ETH, which is the highest pace of buys since the week of December 22, 2025.” He related this path to current ongoing market trends, describing the period as the final phase of a “mini-crypto winter,” where pricing matches favorable entry levels.
Bitmine has now achieved 79 percent of its internal target to acquire five percent of Ethereum’s total supply, a milestone the company refers to as the “Alchemy of 5 percent.”
The firm continues to deploy capital toward this goal, supported by its remaining $864 million in available cash. The ongoing accumulation reflects a structured approach aimed at increasing long-term exposure to Ethereum.
Staking operations generate revenue as holdings expand
Much of the Ethereum that Bitmine holds is currently staked. The company has invested 3,334,637 ETH, which is approximately 69 percent of its total reserves, and is currently valued at $7.1 billion. This distribution is conducive to stable revenue growth, as annualized staking income stands at 196 million, and it is reported to have a seven-day yield of 2.78 percent.
The staking yield is higher than the CESR benchmark rate of 2.74 percent that Quatrefoil applies, indicating the company’s strong competitiveness relative to market rates. Bitmine projects that annual staking rewards could rise to $282 million once full deployment occurs through its MAVAN platform.
This platform, known as the Made in America Validator Network, was initially built to support internal treasury operations but is now expanding to include institutional investors and ecosystem participants.
Tom Lee has openly claimed that no other party in the world has as many Ethereum as Bitmine has, which is backed by the size of its holdings. Staking remains an essential part of the company’s strategy, combining asset accumulation and yield.
Portfolio expansion and market activity support growth strategy
In addition to Ethereum holdings, Bitmine has a diversified portfolio of 198 Bitcoin, $200 million in Beast Industries, and $92 million in Eightco Holdings. The Eightco investment offers indirect exposure to OpenAI, introducing a tech-related element to the investment strategy.
They help the company expand its asset base, although with a primary focus on Ethereum.
Lee also mentioned Ethereum’s recent performance in the market, noting that ETH has increased by 6.8 percent since the beginning of the Iran conflict. He noted that this performance exceeds that of the S&P 500 and gold over the same period.
“ETH is the wartime store of value,” Lee said, framing Ethereum’s recent price movement within current macro conditions.
According to available market data, Bitmine’s market presence continues to expand, ranking as the 96th most traded stock in the United States.
Bitmine reports an average daily trading volume of $987 million, placing it between Schlumberger and Adobe. It has institutional involvement with ARK Invest, Founders Fund, Pantera, Galaxy Digital, and Kraken as its investors. The company also got the NYSE American to uplist to the New York Stock Exchange, which will take effect on April 9, 2026. The transition will see Bitmine trading under the ticker BMNR.