Bitmine again sweeps up 27k ETH! Tom Lee: Expect to achieve the “5% gold-smithing” target within 2026

Bitmine Immersion Technologies (NYSE: BMNR), a crypto investment company listed on the US stock market, released its latest financial update on the 13th, announcing that it again increased its holdings by buying 27,801 ETH over the past week. The company’s total ETH holdings have now reached 5.77 million, accounting for 4.8% of the world’s total circulating supply. It is just one step away from its ultimate goal of the “5% Alchemy.” Total assets have also surged beyond $11.3 billion, firmly establishing its position as the global leader with the largest Ethereum treasury.
(Background recap: Bitmine Chairman Tom Lee: S&P 500 crazy-bullish for 8000 points at year-end! A strong rebound in July— but beware of a big autumn correction)
(Additional background: Bitmine scooped up another 42k ETH last week! Total holdings surpassed 5.74 million as it eyes the “5% supply” level)

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• Approaching the “5% Alchemy” target, buying another 27k ETH over the past week
• Staking nearly 5 million ETH, firmly sitting on the world’s largest Ethereum treasury
• Included in the Russell 1000 index, Tom Lee expects L2 to boost ETH value

With traditional finance and Web3 increasingly integrating, more and more Wall Street-listed companies are choosing to include cryptocurrencies in their balance sheets. Among them, Bitmine Immersion Technologies (NYSE: BMNR), which is actively transforming into an institutional Ethereum (ETH) investor, is showing remarkable “coin-accumulation” strength to the market.

Approaching the “5% Alchemy” target, buying another 27k ETH over the past week

According to Bitmine’s latest official announcement released on July 13, 2026, US time, the company once again made a major buy over the past week, purchasing 27,801 ETH. The company explicitly stated that this demonstrates the strong and consistent pace of its steady accumulation since the beginning of 2026, and it expects that before the end of 2026, it will successfully achieve its core strategy—namely, the “5% Alchemy (Alchemy of 5%)” goal of controlling 5% of the network’s supply.

Data show that as of July 12, Bitmine’s total ETH holdings had risen to an astonishing 5,770,038 ETH (based on Coinbase’s then-quoted price of $1,820 per ETH). This means that within just 12 months, the company has controlled 4.8% of Ethereum’s total supply (about 120.7 million ETH), leaving only one step between it and the ultimate target.

In addition to its massive ETH reserves, the announcement also said that its total assets covering crypto assets, cash and tradable securities, as well as “Moonshots” (lunar assets), have officially surpassed $11.3 billion. Its diversified reserve portfolio includes $482 million in cash and tradable securities, 206 bitcoins (BTC), and key assets such as Eightco Holdings (NASDAQ: ORBS) with a holding value of $69 million.

Staking nearly 5 million ETH, firmly sitting on the world’s largest Ethereum treasury

Notably, Bitmine is not only hoarding tokens in the spot market, but is also actively participating in Ethereum’s security and consensus mechanisms. Through its self-built institutional staking platform MAVAN (Made in America Validator Network), Bitmine has currently staked as many as 4,917,189 ETH, with staked assets worth nearly $9 billion.

This massive staking position can currently provide the company with about a 2.70% seven-day annualized return. Bitmine estimates that once all its holdings are fully staked, it will be able to generate up to $284 million in passive cash flow per year for the company. This steady income strategy leaves Bitmine no doubt as the world’s largest “Ethereum treasury.” It ranks second among crypto corporate treasuries worldwide, only behind Strategy (formerly MicroStrategy), the company that is aggressively buying Bitcoin.

Included in the Russell 1000 index, Tom Lee expects L2 to boost ETH value

Bitmine’s astonishing pace of asset expansion has also successfully drawn strong attention from traditional capital markets. The company was officially added to the Russell 1000 large-cap index on June 26 this year, which is expected to bring a massive wave of passive fund buying. In addition, its A-round perpetual preferred stock was also listed and traded on the New York Stock Exchange (NYSE) under the ticker BMNP, offering a dividend yield of up to 9.50%.

Regarding the current crypto ecosystem landscape, Bitmine Chairman Tom Lee has given a very high evaluation. He specifically pointed out that after the Robinhood Chain L2 mainnet built on Arbitrum went live on July 1 and achieved explosive success, trading volume has already surpassed other decentralized exchanges (DEXs). He emphasized that currently more than 27 million Robinhood users are using ETH as the native gas token to pay transaction fees, which will further reinforce Ethereum’s strong “currency” attributes and, in the long run, continuously empower the value of Bitmine’s holdings.