Tom Lee’s BitMine Acquires 60,976 ETH, Holdings Now $10.3B

• Bitmine owns 4.53M ETH, 3.76% of total supply, nearing 5% internal milestone.

• 3.04M ETH are staked, generating $174M annualized at 2.91% yield.

• Total assets include $1.2B cash, 195 BTC, $14M in Eightco, expanding MAVAN infrastructure.

Bitmine Immersion Technologies disclosed on March 8, 2026, that its total crypto, cash, and “moonshot” assets reached $10.3 billion. The firm revealed that it now holds over 4.5 million Ethereum tokens, with more than three million actively staked to generate yield through its expanding infrastructure.

Ethereum Purchases and Accumulation

Over the past week, Bitmine acquired 60,976 ETH, exceeding its recent weekly range of 45,000 to 50,000 tokens. Tom Lee, CEO of Bitmine, said the purchases slightly increased during the latest market pullback.

The Ethereum tokens are valued at $1,965 each, bringing the firm’s total holdings to 4,534,563 ETH. According to Lee, Bitmine now owns 3.76% of Ethereum’s circulating supply of roughly 120.7 million coins.

The company noted this figure is over 75% toward its internal “Alchemy of 5%” milestone. In addition to Ethereum, Bitmine’s treasury includes 195 Bitcoin, $14 million in Eightco Holdings, and $1.2 billion in cash reserves.

Staking Operations and Revenue

Bitmine reported that 3,040,483 ETH are currently staked across its infrastructure and partner networks, representing roughly $6.0 billion. This amount corresponds to 67% of the company’s Ethereum holdings.

The annualized staking revenue is currently $174 million, based on a seven-day BMNR yield of 2.91%. When fully scaled, staking rewards could reach $259 million annually. For comparison, Quatrefoil’s Composite Ethereum Staking Rate currently stands at 2.84%.

Global Position and Infrastructure

Bitmine remains the largest Ethereum treasury worldwide. Its staking yield of 2.91% slightly surpasses competitors, including Strategy, which acquired 17,994 BTC.

To expand capacity, the company continues developing the Made in America Validator Network (MAVAN). Bitmine works with three staking providers to deploy large-scale Ethereum validation infrastructure, with the system expected to launch in early 2026.