Bitmine crosses 4.3% of total ETH supply as staking revenues hit $319 million annually

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The firm added over 26,600 ETH to its holdings last week.

Bitmine Immersion Technologies on Monday reported $13.4 billion in total crypto and cash holdings, driven by its 5.2 million ETH position, which accounts for about 4.3% of all Ethereum in circulation.

The company, led by chairman Thomas “Tom” Lee, the Fundstrat market strategist, has been on a buying spree since its inception in late June 2025. It took Bitmine just eleven months to go from zero to owning more than one in every twenty-three ETH in existence. The firm says it is 86% of the way to its stated goal of controlling 5% of total supply, a milestone it has branded the “Alchemy of 5%.”

Bitmine crosses 4.3% of total ETH supply as staking revenues hit $319 million annually

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