- BitMine acquires 3.5% of Ethereum supply under Tom Lee’s leadership.
- $117M spent on 40,302 ETH boosts their holdings.
- MAVAN staking initiative to launch Q1 2026.
Bitmine Immersion Technologies, chaired by Tom Lee, acquired 40,302 ETH worth approximately $117 million on January 26-27, 2026, reaching 4.243 million ETH holdings.
Bitmine aims for a 5% supply ownership, signifying confidence in Ethereum’s stability and potential market influence.
Bitmine Immersion Technologies, led by Tom Lee, recently announced acquisition of 4.243 million ETH, marking 3.52% of the total supply. The new acquisition of 40,302 ETH cost approximately $117 million.
Tom Lee’s goal is to grow BitMine’s ETH stakes to 5% of the supply. The company aims to launch MAVAN staking infrastructure in Q1 2026.
The cryptocurrency and finance community observed the impact of BitMine’s expanding ETH assets. The company’s staked 2.009 million ETH generate an estimated $374 million in annual fees.
Financial implications are significant as BitMine’s total cryptocurrency holdings stand at $12.8 billion. The ETHBTC price ratio increases, signaling market movements.
Tom Lee highlighted 2026 as pivotal for digital assets, gaining attention from global policymakers. MAVAN’s Q1 launch suggests shifts in Ethereum’s use in structured applications. “Ethereum remains the most widely used by Wall Street today and most reliable blockchain with zero downtime since inception,” Lee explained.
Historically, BitMine consistently purchases ETH weekly since 2025, nearing the 5% supply goal. Strategic acquisition reinforces ETH as a core treasury asset and moves towards infrastructure development via MAVAN validators.
