Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Tom Lee's Bitmine boosts ether holdings to 4
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Tom Lee's Bitmine boosts ether holdings to 4
Tom Lee's Bitmine boosts ether holdings to 4.47 million tokens with $98 million ETH purchase
For feedback or concerns regarding this content, please contact us at [email protected]
Tom Lee's Bitmine boosts ether holdings to 4.47 million tokens with $98 million ETH purchase
The ether treasury firm now has nearly $10 billion in assets and more than $6 billion of ETH staked.
By Olivier Acuna|Edited by Stephen Alpher
Mar 2, 2026, 3:10 p.m.
Make us preferred on Google
Bitmine said it increased its ETH holdings to 4.474 million in its weekly press release on March 2. (David Paul Morris/Consensus)
What to know:
- Bitmine Immersion Technologies increased its ether holdings to 4.474 million tokens after purchasing nearly 51,000 ETH last week, bringing its total crypto and cash holdings to $9.9 billion.
- The company has 3,040,483 ETH staked, valued at about $6 billion, generating an estimated $172 million in annualized staking revenue that could rise to $253 million at full scale based on recent yields.
- Bitmine's ether position represents 3.71% of Ethereum’s total supply, and the firm is developing its Made in America Validator Network staking platform, targeted for launch in early 2026 in partnership with three staking providers.
Bitmine Immersion Technologies (BMNR) on Monday reported purchasing nearly 51,000 more ETH tokens last week, increasing its holdings to 4.474 million.
"In the midst of this 'mini crypto winter,' our focus continues to be on methodically executing our treasury strategy and steadily acquiring ETH and in turn, optimizing the yield on our ETH holdings," said Chairman Tom Lee.
The company said it now has 3,040,483 ETH staked, worth about $6 billion at current prices. Lee said annualized staking revenue stands at $172 million. At full scale, staking rewards could reach $253 million annually based on a 2.86% yield over the last seven days, Lee continued.
The company holds 4,473,587 ether (ETH), valued at $1,976 per token, along with 195 bitcoin and $868 million in cash, as well as a $200 million stake in Beast Industries and a $14 million investment in Eightco Holdings. Bitmine said its ether position represents 3.71% of Ethereum’s 120.7 million token supply.
Lee added that the firm is developing its Made in America Validator Network, or MAVAN, a staking platform slated for launch in early 2026. Bitmine said it is working with three staking providers as it builds the network.
BitmineThomas LeeEthereum stakingEth supply
More For You
EU banks’ euro-pegged stablecoin in talks with crypto exchanges to ensure liquidity
Qivalis is a group of 12 major EU banks developing a euro-pegged stablecoin they plan to debut in the second half of the year.
What to know:
- Qivalis, a group of major EU banks developing a euro-pegged stablecoin, is in advanced talks with crypto exchanges, market makers and liquidity providers to ensure the token is listed on regulated platforms and has strong liquidity from day one.
- The token will be backed 1:1 by a mix of bank deposits and high-quality short-term euro-area sovereign bonds, and aims to offer a regulated European alternative to dollar stablecoins.
Read full story
Latest Crypto News
Bitcoin surges above $68,000 amid muted stock market reaction to Iran war
EU banks’ euro-pegged stablecoin in talks with crypto exchanges to ensure liquidity
CoinDesk 20 performance update: NEAR Protocol (NEAR) jumps 12.4% over weekend
Iranian crypto outflows jump 700% minutes after U.S.-Israeli airstrikes, Elliptic says
Turkey's ruling party unveils 10% crypto income tax proposal
Strategy purchased more than $200 million in bitcoin last week
Top Stories
Battered bitcoin could find solace in war-led 'debasement' trade
SpaceX’s $780 million bitcoin stack now down to about $545 million ahead of IPO filing
Polymarket attracts record trading 'world' volumes as U.S.-Iran bets top $529 million
U.S. equity futures fall in pre-market trading as oil, gold retreat from highs
Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight
Hyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freeze
Market Opportunity
TOMCoin Price(TOM)
$0.000053
$0.000053$0.000053
USD
TOMCoin (TOM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
States try out Obama-inspired public health plans during Trump admin
Nearly two decades ago, progressives fought to include a so-called public option — a government-run health plan — in the broad health care overhaul known as Obamacare
Share
Rawstory2026/03/03 02:12
Tariff Refund Lawsuit: US Court Delivers Critical Blow to Trump Administration Delay Request
BitcoinWorld Tariff Refund Lawsuit: US Court Delivers Critical Blow to Trump Administration Delay Request In a significant development for international trade
Share
bitcoinworld2026/03/03 02:10
XRP Ledger Ramps up With 200,000 Spike in Transactions
The post XRP Ledger Ramps up With 200,000 Spike in Transactions appeared on BitcoinEthereumNews.com. It is getting more intense Consolidating lower XRP is displaying
Share
BitcoinEthereumNews2026/03/03 02:13