🔥 Tom Lee's BitMine Acquires Another $237 Million Worth of ETH: Total Assets Reach $13.1 Billion, Crypto Spring Officially Begins

$ETH ‌
✨ BitMine Immersion Technologies, chaired by Wall Street legend Tom Lee, continues its Ethereum accumulation strategy without slowing down. In an official announcement on May 4, 2026, the company revealed it had purchased an additional 101,745 ETH in the past week. With this purchase, BitMine's total ETH holdings rose to 5,180,131, bringing its total treasury value to $13.1 billion.

🔹 Details of the Historic Purchase
✨ BitMine acquired approximately $237 million worth of 101,745 ETH in the past week. A significant portion of this purchase was made directly from the Ethereum Foundation via over-the-counter transactions. ✨ The Ethereum Foundation sold 10,000 ETH at an average price of $2,292 per ETH, announcing that the proceeds will support operations, community grants, and other initiatives aligned with the Ethereum ecosystem.
✨ This marks the third consecutive week that the company has purchased over 100,000 ETH. Previous weeks saw purchases of 101,901 ETH and 101,627 ETH.

🔹 BitMine's Massive Treasure
✨ As of May 3, 2026, the company's total assets are as follows:
✨ 5,180,131 ETH, worth approximately $12.1 billion at a reference price of $2.336 per ETH.
✨ 200 Bitcoin.
✨ $200 million worth of shares in Monster Industries.
✨ $83 million worth of shares in Eightco Holdings.
✨ $700 million in cash.
✨ The total value of crypto, cash, and strategic investments has reached $13.1 billion.

🔹 The World's Largest Ethereum Treasury
✨ BitMine holds 5.18 million ETH, representing 4.29% of the global ETH supply. The total supply of Ethereum is 120.7 million.
✨ The company has made 86% progress towards its "Alchemy" goal, which it started just 10 months ago. It needs to accumulate approximately 843,000 more ETH to reach 5% of the total ETH supply.
✨ With the current rate of acquisition, this goal is expected to be reached within the next two months.

🔹 Staking Revenues Breaking Records
✨ 4,362,757 of BitMine's 5.18 million ETH, or 84%, are currently staked. ✨ The company's annual revenue from staking activities, conducted through its own validator network MAVAN and partner services, has reached $297 million. ✨ This figure is projected to reach $352 million annually if all ETH assets were staked at full capacity.
✨ While MAVAN was initially developed for BitMine's own treasury, it is being expanded to serve institutional investors, custodians, and ecosystem partners.

🔹 Striking Statements from Tom Lee
✨ BitMine President Tom Lee stated, "The Crypto Spring has begun, and as in past cycles, investor sentiment and belief are quiet and bearish even as crypto prices strengthen."
✨ Lee indicated that the potential passage or failure of the CLARITY Act confirms the arrival of the Crypto Spring.
✨ He emphasized that Ethereum is being fueled by a double headwind: Wall Street's move towards tokenization on the blockchain and the increasing need for more public and neutral blockchains for autonomous AI systems. ✨ Lee, in a speech he gave at Paris Blockchain Week in April, predicted that ETH could reach $60,000 in the long term, with a fair value of $62,000.
🔹 NYSE Main Board and Institutional Confidence
✨ BitMine was upgraded from the NYSE American to the New York Stock Exchange main board on April 9, 2026, and continues to trade under the symbol BMNR.
✨ The stock's five-day average daily trading volume is $625 million, placing it as the 173rd most traded stock in the US.
✨ The company's investor base includes big names such as Cathie Wood from ARK Invest, Founders Fund, Bill Miller III, Pantera Capital, Digital Currency Group, and Galaxy Digital.

🔹 Market Performance and Outlook
✨ BMNR stock gained over 4% on the day of the announcement, trading at $22.91.
✨ The stock has increased by approximately 18% in the last month, but has fallen by over 15% since the beginning of the year.
✨ Ethereum, on the other hand, is showing signs of recovery with a 15% increase in the last month. ETH is still trading 52% below its all-time high of $4,946 reached in August 2025.

🔹 Second Largest Crypto Treasury
✨ BitMine is not only the largest Ethereum treasury globally, but also ranks second in total crypto treasury size. Strategy tops the list with $64.2 billion in Bitcoin treasury. ✨ The company also announced one of the largest share buyback programs of 2026, increasing its share buyback program from $1 billion to $4 billion.

💫 Wise Word: "True visionaries buy when the market trembles with fear; because they know that the greatest fortunes are amassed in the silence of the darkest days."

⚠️ Don't Forget to mark Stoploss and manage risk properly.
⚠️ NFA
⚠️ DYOR

#BitMine
#GateSquare #CreatorCarnival
#Gate广场五月交易分享
#GateSquareMayTradingShare