Ethereum

Goal

Galaxy

Beast

Tom Lee

<ul>
 <li>Bitmine added 26,497 ETH last week, increasing holdings to 5,416,901 ETH, or about 4.49% of Ethereum’s circulating supply.</li>
 <li>More than 4.7 million ETH are staked through Bitmine’s MAVAN platform, generating an annualized yield of 2.73%.</li>
 <li>Chairman Tom Lee said the company remains on track to reach its 5% Ethereum supply target during 2026.</li>
</ul>
<p>Bitmine Immersion Technologies moved closer to its goal of owning 5% of Ethereum’s supply after adding 26,497 ETH last week. The purchase, <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-42-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302786720.html?tc=eml_cleartime" rel="noopener noreferrer nofollow">disclosed</a> this week by Chairman Tom Lee, lifted the company’s holdings to 5,416,901 ETH worth about $10.85 billion, representing 4.49% of circulating supply and placing the firm roughly 90% toward its stated target.</p>
<h2 class="wp-block-heading" id="strong-treasury-growth-continues-at-slower-pace-strong"><strong>Treasury Growth Continues At Slower Pace</strong></h2>
<p>The latest acquisition carried an estimated value of $53 million based on an ETH price near $2,003. However, the purchase marked a slower accumulation pace than previous weeks.</p>
<p>Earlier, <a href="https://cryptofrontnews.com/tom-lees-bitmine-acquires-111942-eth-nears-5-ethereum-supply/" rel="noopener noreferrer nofollow">Bitmine</a> acquired between 111,942 and 120,000 ETH in a single week. According to Tom Lee, the company is now placing greater emphasis on generating staking income from existing holdings.</p>
<p>Lee stated that ETH prices do not currently reflect what he described as strengthening Ethereum fundamentals. He also reiterated that Bitmine expects to reach its 5% ownership target during 2026.</p>
<p>As holdings expanded, the company’s position grew into one of the largest Ethereum treasuries in the market.</p>
<h2 class="wp-block-heading" id="strong-staking-operation-drives-revenue-strategy-strong"><strong>Staking Operation Drives Revenue Strategy</strong></h2>
<p>Of Bitmine’s 5.42 million ETH holdings, 4,718,677 ETH are actively staked through its MAVAN platform. That figure represents approximately 87% of the company’s <a href="https://cryptofrontnews.com/ethereum-resilience-strategy-strengthens-eth-c/" rel="noopener noreferrer nofollow">Ethereum</a> reserves.</p>
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<p>According to the company, the staking operation currently generates a seven-day annualized yield of 2.73%. Bitmine projects annualized staking revenue of $258 million based on current deployment levels.</p>
<p>The company expects that figure to rise toward $296 million as additional holdings enter staking programs. Meanwhile, Bitmine stated that its staked ETH holdings are worth approximately $9.5 billion.</p>
<h2 class="wp-block-heading" id="strong-institutional-backing-supports-expansion-strong"><strong>Institutional Backing Supports Expansion</strong></h2>
<p>Beyond Ethereum, Bitmine reported total assets of approximately $11.6 billion. The portfolio includes 203 Bitcoin, $446 million in cash, a stake in Beast Industries, and an investment in Eightco Holdings.</p>
<p>The company counts Ark Invest, Pantera Capital, Founders Fund, Bill Miller III, Kraken, Digital Currency Group, Galaxy Digital, and <a href="https://cryptofrontnews.com/tom-lees-bitmine-buys-71672-eth-as-holdings-top-11-6-billion/" rel="noopener noreferrer nofollow">Tom Lee</a> among its backers.</p>
<p>According to company figures, Bitmine remains the largest public Ethereum treasury. It also ranks as the second-largest digital asset treasury company behind Strategy’s Bitcoin-focused holdings.</p>
<p>The post <a href="https://cryptofrontnews.com/tom-lees-bitmine-nears-5-of-ethereum-supply-goal/" rel="noopener noreferrer nofollow">Tom Lee’s Bitmine Nears 5% of Ethereum Supply Goal</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Tom Lee’s Bitmine Nears 5% of Ethereum Supply Goal

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