Tom Lee’s Bitmine Bags 71K ETH In Biggest Weekly Buy Of The Year – Now Controls 4% Of Supply

• Bitmine added 71,534 Ethereum over the past week, marking its largest weekly accumulation this year.
• The company now holds 4.04% of Ethereum’s circulating supply, surpassing 80% of its 5% target.
• Its total crypto and investment portfolio is valued at nearly $12 billion.

Tom Lee-backed Bitmine Immersion Technologies (BMNR) announced on Monday that it added another 71,534 Ethereum (ETH) to its balance sheet over the past week, marking the company’s largest weekly accumulation this year. 

With its latest purchase, the company has now achieved more than 80% of its target to accumulate 5% of Ethereum’s circulating supply, bringing its holdings to 4.04%.

BMNR’s stock rose over 1% at market open amid volatile cryptocurrency and equities markets following President Donald Trump’s announcement of a blockade on the Strait of Hormuz. On Stocktwits, retail sentiment around the company remained in ‘neutral’ territory over the past day, while chatter rose to ‘normal’ from ‘low’ levels.

Meanwhile, Ethereum’s price rose around 1.2% in the last 24 hours, climbing back above $2,200. Retail sentiment around the leading altcoin on Stocktwits rose to ‘bullish’ from ‘neutral’ territory over the past day and chatter remained at ‘high’ levels. 

Bitmine Balance Sheet Nears $12 Billion

Bitmine's total crypto and investment portfolio is now valued at almost $12 billion. This includes 4.87 million ETH valued at $2,206 per token, 198 Bitcoin (BTC), a $200 million stake in Beast Industries, an $85 million position in Eightco Holdings (ORBS), and $719 million in cash.

Last month, the company also opened up its Made in America Validator Network (MAVAN) to institutional investors. "Annualized staking revenues are now $212 million. And this 3.3 million ETH is about 68% of the 4.87 million ETH held by Bitmine," Lee said in a statement. "Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains.”

BMNR’s stock has fallen round 23.5% year-to-date while Ethereum’s down over 25% since the beginning of the year. 

Read also: Bitcoin Holds Onto $70,000 After Oil Prices Spike On Trump’s Strait of Hormuz Blockade

For updates and corrections, email newsroom[at]stocktwits[dot]com.