Bitmine bought another 52k ETH last week, bringing the total holdings to over 5.67 million! Tom Lee exclaims: The spring of cryptocurrencies has just begun.

According to an official announcement, American Bitcoin mining company Bitmine Immersion Technologies (BMNR) announced last week that it has added another 52,203 Ethereum (ETH) to its holdings, bringing its total to 76k ETH, accounting for 4.7% of the total ETH supply. The company's total assets have reached $10.7 billion, and it plans to stake through its proprietary platform MAVAN to generate substantial passive income.
(Background: Bitmine buys 76k ETH again! Tom Lee: Ethereum's fundamentals are very strong)
(Additional context: Tom Lee: ETH supply is shrinking, Bitmine's holdings may have enough influence with less than 5%)

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• Only one step away from the "5% supply" goal
• Total holdings reach $10.7 billion, staking yields are impressive
• Tom Lee proclaims: The crypto spring has just begun

Market watchers see Bitmine Immersion Technologies (BMNR), a US-listed mining company often called the "Ethereum version of MicroStrategy," as rapidly accumulating ETH at an astonishing pace. According to the latest official announcement released on June 22, 2026, the company increased its ETH holdings by 52,203 last week, pushing its total to over 5.67 million ETH (exactly 5,672,956 ETH). Based on Coinbase's price of $1,733 per ETH, this stash is worth approximately $5.67M.

Only one step away from the "5% supply" goal

Previously, Bitmine announced a grand strategic vision called "Alchemy of 5%," aiming to accumulate 5% of the total ETH supply worldwide. The announcement states that with this recent increase, Bitmine's 5.67 million ETH now accounts for 4.7% of the global supply (about 120.7 million ETH). Remarkably, the team has achieved 94% of this goal in just 11 months.

Total holdings reach $10.7 billion, staking yields are impressive

In addition to its massive ETH holdings, Bitmine's overall asset allocation is also substantial. As of June 21, 2026, the company's total crypto, cash, and tradable securities holdings reached $10.7 billion. This includes $601 million in cash and securities, 205 BTC, and other investments considered "moonshots": $180 million in Beast Industries equity and $104 million in Eightco Holdings (ORBS).

Regarding asset deployment, Bitmine has staked up to 83% of its ETH (about 4,718,677 ETH) through its US-based institutional-grade staking platform MAVAN (Made in America Validator Network). With an average 7-day yield of 2.73%, the company estimates that fully staked, its annualized yield could reach $268 million, with current annualized staking income around $223 million.

Tom Lee proclaims: The crypto spring has just begun

Tom Lee, a well-known Wall Street analyst and chairman of Bitmine, expressed high optimism about this development. In the announcement, he stated, "The best days of cryptocurrency are still ahead. The rapid progress of tokenization and artificial intelligence (AI) will drive exponential growth in blockchain and decentralized cryptocurrencies." He further emphasized that we are still in the early stages of the "crypto spring."

Notably, Bitmine has also demonstrated strong ambitions in capital markets. On June 10, the company completed a Series A perpetual preferred stock (BMNP) issuance, selling 3.5 million shares and raising approximately $273.8 million, and it is now listed on the New York Stock Exchange. The board also announced a cash dividend plan for the next 7 weeks, with weekly dividends of $0.1847 per share to maintain investor confidence and support its coin-buying operations.