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BitMine Expands Ethereum Holdings, Eyes “Alchemy of 5%”
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While Strategy doubles down on Bitcoin, Tom Lee’s BitMine Immersion (BMNR) is leading the charge on Ethereum. Last week, BitMine acquired 44,463 ETH, bringing its total to 4,110,525 ETH—roughly 3.41% of the total supply—valued at $12.02 billion.
The company also holds 408,627 staked ETH, with its MAVAN staking solution on track for a Q1 2026 launch. Total holdings across crypto, cash, and strategic investments now reach $13.2 billion.
Supported by institutional investors including ARK, Founders Fund, and Galaxy Digital, BitMine exemplifies a growing institutional embrace of Ethereum alongside Bitcoin.
