Lookonchain
Tom Lee's Bitmine Immersion Technologies (BMNR) bought 101,745 ETH worth roughly $238 million last week, lifting its total holdings to 5,180,131 ETH — approximately $12.11 billion at current prices. The announcement, carried via PR Newswire, also disclosed combined crypto and cash holdings of $13.1 billion.
Of the 5.18M ETH on the balance sheet, 4,362,757 ETH ($10.2B) is currently staked — 84.22% of the position. Bitmine now controls more than 4.29% of ETH's total supply of 120.7 million tokens, putting the company 86% of the way to its stated "Alchemy of 5%" target just ten months into the program.
Why it matters
The pace is the story. Going from zero to more than 4% of an entire Layer-1's circulating supply in under a year is a corporate treasury posture no other public company has matched in crypto. A position of this scale, almost entirely staked, also gives Bitmine meaningful influence over Ethereum's validator set and a direct line to staking yield that most ETH holders cannot access at institutional scale.
Market impact
For ETH, the bid is structural rather than reactive: the tokens are not sitting on a hot wallet waiting to be sold, they are locked in validators earning network yield. For the broader corporate-treasury narrative, Bitmine's disclosure adds another data point that ETH is being treated as a productive reserve asset, not just a speculative one. Watch the next weekly update for whether the company accelerates past 4.5% or holds the current cadence as price moves.
Frequently asked questions
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How much ETH does Tom Lee's Bitmine now hold?
Bitmine Immersion Technologies (BMNR) disclosed holdings of 5,180,131 ETH, worth approximately $12.11 billion at the time of the announcement.
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What percentage of Bitmine's ETH is staked?
4,362,757 ETH — about $10.2 billion, or 84.22% of the total position — is currently staked on the Ethereum network.
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How much of total ETH supply does Bitmine control?
Bitmine holds more than 4.29% of ETH's total circulating supply of 120.7 million tokens, putting it 86% of the way to its stated 'Alchemy of 5%' target.
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What was Bitmine's latest weekly purchase?
The company bought 101,745 ETH — roughly $238 million — in the week covered by the PR Newswire update.
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What are Bitmine's total crypto and cash holdings?
Combined crypto and cash holdings stood at $13.1 billion at the time of the announcement, per the company's PR Newswire disclosure.
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