Bitmine Expands Massive Ethereum Treasury With New ETH Purchases

Ethereum crypto now attracts treasury strategies of unprecedented scale. In one week, Bitmine Immersion Technologies bought an additional 71,672 ETH, bringing its reserves to more than 5.2 million ETH, or 4.37 % of the total circulating supply. Behind this massive accumulation, Tom Lee is not just betting on a market rise. The CEO wants to transform Bitmine into an institutional giant in Ethereum staking, at a time when Wall Street is accelerating its convergence with the crypto industry.

Bitmine Accelerates Its Grip on Ethereum Supply

Bitmine Immersion Technologies bought 71,672 ETH in one week, taking advantage of the temporary dip of the price below 2,200 dollars, while it was thought the firm might slow its acquisitions. This new purchase now brings the group’s reserves to 5,278,462 ETH, approximately 11.5 billion dollars at the current price.

Thus, this amount already represents 4.37 % of the total Ethereum supply estimated at 120.7 million ETH. Tom Lee, Chairman of Bitmine’s Board of Directors, states that the company could reach its major goal as early as next year: “Bitmine should reach the symbolic threshold of 5 % of the total Ethereum supply during the year 2026”.

Here are some key figures :

• 71,672 ETH bought in one week ;
• 5,278,462 ETH held in total ;
• 11.5 billion dollars of exposure to Ethereum ;
• 4.37 % of the total ETH supply already controlled ;
• The stated goal is to reach 5 % of the supply by December ;
• Bitmine indicates it is already at 87 % of this goal.

The company now claims the status of the largest Ethereum treasury in the world, ahead of all institutional players exposed to the asset. Listed on the NYSE under the ticker BMNR, Bitmine also shows an average daily volume of 857 million dollars over five days, a sign of growing interest from traditional markets for this Ethereum-centered strategy.

Institutional Staking Becomes the True Driving Force of the Strategy

A large portion of the ETH held by Bitmine is not idle. Of the 5.28 million ETH controlled by the company, 4,712,917 ETH are currently staked, valued at nearly 10.3 billion dollars. This activity already generates an estimated annualized yield of 289 million dollars, based on a weekly annualized rate of 2.80%.

Tom Lee even believes revenues could increase further with the expansion of the company’s validator network: “at full scale, when Bitmine’s ETH are fully staked via MAVAN and its staking partners, the estimated annual staking revenues could reach 324 million dollars”.

This strategy relies heavily on MAVAN, the “Made in America Validator Network”, presented as a future institutional staking infrastructure intended for asset managers and crypto custodians. Tom Lee also links this rise of Ethereum to the evolution of the US regulatory framework.

According to him, the CLARITY Act could pave the way for a new generation of financial products backed by public blockchains. “The CLARITY Act brings the regulatory clarity needed by the crypto industry and Wall Street to build the next generation of financial products and infrastructures”, he states in the publication.

Bitmine’s initiative mainly illustrates a deeper transformation of the crypto market. Ethereum is no longer seen just as an infrastructure for decentralized applications or speculative memecoins. Major financial players now begin to view ETH as a strategic asset capable of generating large-scale yield through staking. This gradual concentration of supply in the hands of listed companies could also revive debates on network centralization, while Wall Street accelerates its entry into the Ethereum ecosystem.