Tom Lee’s Bitmine Adds $238M in ETH as Holdings Reach $12.11B

Tom Lee’s Bitmine adds 101,745 ETH worth $238M, raising total holdings to 5.18M ETH valued at $12.11B, with 84% staked.

Bitmine Immersion Technologies has increased its Ethereum holdings after buying 101,745 ETH last week.

The purchase was valued at about $238 million, based on the company’s reported ETH price.

The firm, chaired by Tom Lee, said its total ETH holdings reached 5,180,131 tokens, worth about $12.11 billion.

Bitmine Reports New Ethereum Purchase

In a recent press release, Bitmine said it added 101,745 ETH during the past week. The company reported the purchase as part of its ongoing Ethereum accumulation plan.

As of May 3, 2026, Bitmine held 5,180,131 ETH. The company valued the holdings at $2,336 per ETH, based on Coinbase pricing.

Bitmine said its ETH position equals about 4.29% of Ethereum’s total supply. The company cited a total ETH supply of 120.7 million tokens.

The firm also said it is 86% of the way toward its stated “Alchemy of 5%” goal. That goal refers to Bitmine’s plan to hold 5% of Ethereum supply.

Tom Lee, chairman of Bitmine, said the company kept its faster buying pace. “In the past week, we acquired 101,745 ETH,” Lee said.

Staked ETH Reaches $10.2 Billion

Bitmine said it has staked 4,362,757 ETH. That equals 84.22% of its total Ethereum holdings, based on the reported figures.

The staked ETH was valued at about $10.2 billion. The company used the same ETH price of $2,336 for that calculation.

Bitmine said its annualized staking revenue is now $297 million. It also said its own staking operations produced a seven-day annualized yield of 2.91%.

Lee said Bitmine has staked more ETH than other entities worldwide. The company did not name the entities used in that comparison.

Bitmine recently launched MAVAN, or the Made in America Validator Network. The platform was created to support its Ethereum treasury and staking operations.

The company said MAVAN may later serve institutional investors, custodians, and ecosystem partners. A portion of Bitmine’s ETH is already staked through the platform.

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Crypto and Cash Holdings Total $13.1 Billion

Bitmine reported total crypto, cash, and selected investment holdings of $13.1 billion. That figure includes Ethereum, Bitcoin, cash, and other assets.

The company said it holds 200 Bitcoin. It also reported $700 million in total cash.

Bitmine listed a $200 million stake in Beast Industries. It also reported an $83 million stake in Eightco Holdings, which trades on Nasdaq under ORBS.

The firm said it remains the largest Ethereum treasury. It also described itself as the second-largest global crypto treasury behind Strategy Inc.

Bitmine also noted its move to the New York Stock Exchange. The company was uplisted from NYSE American on April 9, 2026.

Its common stock continues to trade under the ticker BMNR. The company said BMNR had an average daily dollar volume of $625 million over five days.

Lee linked Ethereum demand to tokenization and AI-related blockchain use. He said Ethereum benefits from Wall Street tokenization and agentic AI systems.

“Ethereum remains the most widely used and reliable smart contract blockchain for tokenization,” Lee said.

He also said ETH could be viewed as a store of value and unit of exchange.

Bitmine also cited the CLARITY Act compromise text. Lee said the bill’s approach to stablecoin reserve yield was “largely acceptable” to the company.

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