According to Tom Lee, Chairman of Bitmine (BMNR), Bitmine is the largest enterprise-level Ethereum vault company. The company is currently purchasing about 100,000 ETH per week and expects to reach its goal of holding 5% of the total Ethereum supply within six weeks; at that point, it will slow down buying and focus on staking yields and stock buybacks. The company currently holds more than 5.1 million ETH, worth approximately $11.9 billion, of which 85% has been staked, generating annual staking income of more than $300 million (i.e., 300 million US dollars). Bitmine also announced a $4 billion stock buyback plan.

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