Ethereum News: Did Tom Lee’s Bitmine Buy Another $108M in ETH?

Key Insights:

• The latest Ethereum news reveals that Tom Lee’s Bitmine has reportedly added another $108 million worth of ETH to its portfolio.
• The company also announced the MAVAN upgrade rollout this week, which could boost its ETH Staking rewards.
• Despite the latest Ethereum news, the ETH price continued to dump, losing the $2,100.

Recent Ethereum news indicates that Tom Lee’s Bitmine Immersion Technologies Inc. reportedly added more ETH to its treasury. On-chain records show that Bitmine-linked accounts recently snapped up over $108 million in ETH.

Ethereum News: Is Tom Lee’s Bitmine Buying More ETH?

The blockchain analytics site Lookonchain reported that a wallet linked to Bitmine bought 50,000 ETH via FalconX. The stash was worth around $108.3 million at the time of the transaction.

The same Ethereum news report shows extended buying over a two-day period. According to Arkham Intelligence data, three new wallets potentially associated with Bitmine have earned a total of 117,111 ETH, approximately $253.3 million. These transactions indicate further growth of the company’s already large Ethereum reserve.

The Ethereum news today also highlighted Bitmine’s large ETH holdings, ranking it as the leading corporate ETH treasury. On Monday, the company revealed that it held 4,660,903 ETH, worth over $10 billion at press time. This gives Bitmine ownership of approximately 3.86% of the circulating Ethereum supply, or 120.69 million ETH tokens.

However, despite the Ethereum acquisition update, ETH price continued to drop. As of writing, the ETH price was down by 4.26% to $2,075.92 on Thursday, March 26.

The MAVAN Upgrade Rollout to Increase ETH Staking Rewards

Alongside this, another Ethereum news is also developing around Bitmine’s next infrastructure rollout. The company announced it would roll out MAVAN (Made in America Validator Network) by the end of the first quarter of 2026.

MAVAN has been described as a proprietary Ethereum staking layer. It is designed to meet the needs of institutional clients, such as exchanges and custodians, and complies with United States regulatory requirements.

Lee claimed that MAVAN is planned to have high performance, security, and resilience standards. He also mentioned that Bitmine plans to place the platform among the largest global staking networks soon after its launch. He spotlighted the company’s existing Ethereum holdings as one of its strengths.

Ethereum News: Bitmine Has Staked Around 3,142,643 ETH

Around 3,142,643 ETH, or approximately 67% of its total holdings, has already been staked by Bitmine and its external partners. This reserve is now producing approximately $184 million in yearly staking rewards. These returns may increase tremendously when MAVAN goes live, according to Ethereum news reports.

The business estimates its annual staking revenue to rise to $272 million after the launch of MAVAN. It represents a revenue growth of more than 47%. This projection might change if the market value of Ethereum and the amount of other tokens staked change.

Bitmine diversified its asset base apart from its ETH reserve. The company holds 196 BTC, a $95 million stake in Eightco Holdings (ORBS), and boasts $1.1 billion in cash reserves.

Lee further stated that digital assets have proven resilient despite geopolitical tensions between the United States, Iran, and Israel. He pointed out that over this time, Ethereum has increased 18%, which is significantly better compared to traditional assets.

In another statement, Lee mentioned the odds for the CLARITY Act passing are pegged at 68% on Polymarket. He stated that it would be a future catalyst toward ETH’s regulatory outlook.