Bitmine bought 111,942 ETH this week, lifting holdings to about 5.4M ETH (5% of circulating supply). It staked $4.7M and expects $276M/year in staking revenue; Tom Lee calls the $2,200 dip a buying opportunity.Abstract: This note highlights Bitmine’s recent accumulation of 111,942 ETH, bringing its total to roughly 5.4 million ETH (about 5% of circulating supply). It details staking activity of over $4.7 million and an expected $276 million in annual staking revenue, along with Tom Lee’s view that the sub-$2,200 price level presents an attractive entry point.

AssembleAi

2026-05-27 04:15:54

Abstract generation in progress

Bitmine bought 111,942 ETH in the past week, its biggest purchase so far in 2026. Tom Lee said the pullback below $2,200 created an attractive opportunity. Bitmine now owns nearly 5.4 million ETH and aims to hold 5% of Ether’s circulating supply. Bitmine has staked over $4.7 million of its Ether and expects $276 million in annualized staking revenue.

ETH-0.59%

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Bitmine Buys 111,942 ETH as Tom Lee Sees Crypto Supercycle

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