BitMine Adds 101,000 More ETH as Tom Lee’s Ethereum Treasury Reaches 5.18 Million

Quick overview

Tom Lee’s BitMine Immersion Technologies (NYSE: BMNR) kept up its rapid Ethereum buying, adding another 101,745 to 101,901 ETH this week, worth about $234 to $238 million.

This is the third week in a row that BitMine has bought more than 100,000 ETH. The company now holds 5.18 million ETH, about 4.29% of all Ethereum in circulation. At today’s prices, the treasury is worth about $12.1 billion.

🚨 JUST IN: TOM LEE DOUBLING DOWN ON $ETH

He believes the bottom is in… and a move to new all-time highs could catch many off guard.

BitMine just boosted its $ETH holdings to 5.18M, adding 101,745 tokens in the past week.
Smart money isn’t waiting. https://t.co/mokouKT7rg

— CryptosRus (@CryptosR_Us) May 4, 2026

Staking Power

Over 84% of holdings (4.36 million ETH) are now staked through BitMine’s MAVAN (Made-in-America Validator Network) and partners. This generates an estimated $297–352 million in annualized staking rewards at current yields.

Tom Lee’s Vision

Chairman Tom Lee called this milestone a big step toward BitMine’s goal of owning 5% of all ETH. He believes the market is in the “final stages of the mini-crypto winter” and sees BitMine as a company focused on Ethereum’s long-term use in DeFi, real-world assets, tokenization, and decentralized infrastructure.

BitMine switched to an ETH-focused treasury strategy in mid-2025 and has gathered over 5 million ETH in about 10 months. The company also holds some Bitcoin, cash, and smaller investments.

Why This Matters in 2026

These steady, large purchases are causing a real supply shock and increasing Ethereum’s staking ratio and network security. With support from investors like ARK Invest, BitMine’s strategy is similar to MicroStrategy’s approach with Bitcoin, but it focuses on Ethereum’s expanding use in AI, real-world assets, and business blockchain solutions.

BMNR stock often reacBMNR stock usually rises after these announcements, showing its position as a leveraged way to invest in Ethereum’s recovery. Analysts view this as a sign of strong institutional confidence during a period of market consolidation.atching widespread attention as one of the most aggressive corporate treasury strategies in crypto right now. The company continues executing methodically, using market dips to build one of the largest Ethereum holdings globally.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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