Tom Lee's Bitmine adds 44,463 ETH and starts staking as treasury tops 3.4% of supply
Bitmine Immersion Technologies (ticker BMNR) added another 44,463 ETH over the past week, pushing its total ether holdings to roughly 3.41% of the asset’s circulating supply, according to a company disclosure on Monday.
The accumulation follows Bitmine’s announcement last week that it had crossed the 4 million ETH mark, as the firm continues an aggressive buying strategy aimed at ultimately acquiring 5% of the Ethereum network's total supply.
At current ether prices, Bitmine’s token treasury is valued at just over $12 billion, with total crypto and cash holdings reaching $13.2 billion, the company said. Its balance sheet includes 4,110,525 ETH, 192 bitcoin, and $1 billion in cash as of Dec. 28.
Chairman Tom Lee said Bitmine used year-end market softness to continue accumulating ETH, describing the firm as the largest “fresh money” buyer of ether over the past week amid tax-loss–related selling.
Bitmine has also begun staking a portion of its holdings, with more than 408,000 ETH currently staked as it works toward launching its Made in America Validator Network in early 2026.
BMNR shares were recently trading around $28.50, down nearly 13% over the past week, while ether was changing hands near $2,950.
Bitminer (BMNR) stock price chart. Source: The Block/TradingView
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta: Can Muse Turn AI Into Its Next Profit Engine?
Meta goes all-in on personal Agent: Muse integrates with glasses, Mac, email, connecting shopping and work
Meta announced that Muse will become the strategic core of its all-scenario "personal super intelligence." Muse not only integrates upgraded smart glasses and the portable device Charm, but also expands functionalities such as Mac control and email agent. In addition, it collaborates with retail giants like Walmart to build a shopping ecosystem, aiming to monetize through transaction commissions, demonstrating its ambition to comprehensively cultivate consumer-grade AI.
Global Bond Sell-Off Spreads! Japan 10-Year Government Bond Yield Surges to Highest Level Since 1996
Japan's 10-year government bond yield surged to 3.075%, driven by threefold pressures: US Treasury sell-off, Bank of Japan’s signals towards interest rate hikes, and concerns over fiscal expansion. The yield on 5-year US Treasury bonds breaking above 5% acted as the catalyst, while Japan's plan to raise its defense budget to 3.5% of GDP further intensified market panic. Analysts warn that as the last global anchor of low interest rates begins to shake, yen carry trades face the risk of collapsing, potentially leading to increased market volatility.
Crypto prices
More
