Tom Lee’s BitMine Acquires 65,341 ETH as BMNR Stock Price Surges

Bitmine Immersion Technologies announced total crypto, cash, and “moonshot” holdings of $11.0 billion as of March 22, 2026. The company confirmed continued Ethereum accumulation and treasury expansion under Chairman Tom Lee. This update comes as Ethereum price gains momentum.

Bitmine’s Ethereum Holdings Cross 4.6M ETH

As per today’s release, Bitmine acquired 65,341 Ethereum in the past week. This pace exceeded its previous weekly average of 45,000 to 50,000 ETH purchases. According to Tom Lee, the company maintained this increased pace over the last three weeks.

Lee said Bitmine continues buying as it sees Ethereum nearing the end of the “mini-crypto winter.” Today’s disclosure comes as BitMine announced it acquired 60,999 last week, as CoinGape reported. After the new purchase, total holdings rose to 4,660,903 ETH valued at $2,072 per token.

The company also holds 196 Bitcoin alongside its Ethereum reserves. Meanwhile, Bitmine reported $200 million invested in Beast Industries and $95 million in Eightco Holdings. Total cash reserves are at $1.1 billion. 

The company stated that its Ethereum holdings now represent about 3.86% of the total 120.7 million ETH supply. This share continues to rise as accumulation accelerates. The update also reflects steady expansion in Bitmine’s broader treasury strategy.

Ethereum Staking Growth and BNMR Treasury Position 

Alongside accumulation, Bitmine continues expanding its staking operations. As of March 23, 2026, total staked Ethereum reached 3,142,643 ETH. This amount equals about $6.5 billion based on a $2,072 ETH price.

However, projected rewards could reach $272 million annually once operations scale fully. The estimate uses a 2.83% seven-day BMNR yield. Meanwhile, the Composite Ethereum Staking Rate stands at 2.75%, according to Quatrefoil data.

Bitmine continues developing its Made in America Validator Network (MAVAN). The company works with three staking providers as it prepares for deployment in early 2026. This infrastructure aims to support large-scale Ethereum validation operations.

Bitmine is the largest Ethereum treasury, ranking second among global crypto treasuries. It is second to Michael Saylor’s Strategy who acquired 1,031 Bitcoin for about $76.6 million. Strategy now holds 762,099 Bitcoin acquired for approximately $57.69 billion. 

BMNR Stock Price and Ethereum Outlook

Bitmine said BMNR is among the top traded crypto stocks in the U.S. BMNR stock showed gains. The stock rose 3.15%, or $0.66, to trade at $21.77. Friday’s closing price is at $20.94. The crypto stock has an average trading volume of about 44.94 million shares.

Source: TradingView

Meanwhile, the ETH price was at $2,148, rising over 3% in the past 24 hours. The asset had declined more than 5% over the previous week. Ethereum support is between $2

,100 and $2,120. Meanwhile, resistance is in the $2,160 to $2,200 range. 

Source: TradingView

Lee noted that Ethereum has outperformed broader markets since the Iran conflict began. He said ETH rose about 18% and outpaced equities by roughly 2,450 basis points. In contrast, gold declined more than 15% during the same period.