Tom Lee’s Bitmine Shocks Market with $10.7B Crypto Hoard and Massive ETH Acquisition!

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Tom Lee’s Bitmine Adds 71K <a href="https://jpygbp.com/eth-usd/">ETH</a>, Now Holds $10.7B in Crypto and Cash

Bitmine increased its Ethereum holdings by 71,000 in a week, bringing its total cryptocurrency and cash reserves to $10.7 billion. This growth is driven by increasing revenue from staking.

Tom Lee’s Bitmine Immersion expanded its Ethereum treasury again, adding 71,179 ETH in the past week. 

The latest purchase lifted total ETH holdings to 4.73 million coins. 

The company announced it now holds an amount of Ethereum equal to 3.92% of all Ethereum currently in circulation. Its total holdings of crypto, cash, and strategic equity are now worth $10.7 billion.

This update confirms Bitmine continues to lead in global Ethereum holdings and is still rapidly increasing its accumulation.

Related reading: 

Bitmine Acquires 60,999 $ETH Pushing Total Holdings Past $10B Milestone

Bitmine ETH Holdings Near 5% Supply Goal

Bitmine currently possesses 4,732,082 Ethereum (ETH), which is worth approximately $9.48 billion based on a price of $2,005 per coin.

The treasury currently holds 197 Bitcoin, $961 million in cash, and investments in ORBS and Beast Industries. These assets combine to give a total holding value of $10.7 billion.

The company announced that it now controls more than 78% of the Ethereum it aims to, bringing it closer to its goal of managing 5% of all ETH in circulation.

Bitmine Immersion, managed by Tom Lee, increased its Ethereum holdings by 71,179 ETH last week, now holding a total of 4.73 million ETH – representing 3.92% of all Ethereum in circulation. The company’s total cryptocurrency and cash assets are valued at $10.7 billion. Currently, Bitmine has staked 3.14 million ETH, worth approximately $6.3 billion, and is earning around $177 million in…

— Wu Blockchain (@WuBlockchain)

According to Thomas Lee, Bitmine has been buying more Ethereum each week for the past month. Their most recent purchase of 71,179 ETH was higher than their usual weekly amount of 45,000 to 50,000.

Lee also mentioned that Bitmine continues to have strong support from key investors, such as Cathie Wood, Founders Fund, Pantera, Kraken, Digital Currency Group (DCG), and Galaxy Digital.

The company highlighted that BMNR stock is now one of the most actively traded in the U.S., with an average of $920 million changing hands each day over the past five trading days.

Ethereum Staking Revenue Climbs With MAVAN Launch

A major part of the treasury strategy now centers on staking. 

Bitmine reports that over 3.1 million ETH is currently staked, representing about $6.3 billion in value. This accounts for approximately 66% of the company’s total Ethereum holdings, which are now earning rewards.

The company has recently introduced MAVAN, which stands for Made in America VAlidator Network. Initially, this staking platform will help Bitmine manage its funds, but the company intends to broaden its services to include other institutions and custodians.

Read also:

BitMine Stakes 3.1M Ethereum: Why MAVAN Could Reshape ETH Staking

At the current staking pace, annualized revenue has reached $177 million. 

Lee estimates that fully utilizing all ETH through MAVAN and its partners could increase annual staking rewards to $266 million. Currently, staking yields are at 2.80% over the past week, which is comparable to the CESR standard.

Earlier Report Showed Ethereum’s Weak Q1

As LiveBitcoinNews previously noted, Ethereum’s price fell 32.8% in the first three months of 2026, even though activity on the network reached record levels. The earlier report highlighted that increased usage wasn’t enough to prevent the price drop during that period.

The data shared showed that March posted a modest 1.3% gain. 

Despite the recent gains, Ethereum had experienced significant drops in January and February. Throughout the quarter, its price fluctuated, reaching a high of $3,385 before dropping to a low of $1,760.

Read more: 

Ethereum’s Strange Q1: Record Usage, Yet ETH Still Fell Hard

That backdrop makes Bitmine’s latest treasury move more notable. 

The company bought more ETH at a time when its price was unstable due to sell-offs, changes in how ETH was held, and general economic concerns.

This recent increase shows that large investors remain confident in Ethereum, even after a challenging three months.

Bitmine continues to hold the world’s largest collection of Ethereum and is the second-largest cryptocurrency holder overall, after Strategy Inc.

As a crypto investor, I’m really noticing how well this project is doing with its Ethereum strategy. They’re almost at their goal of securing 5% of the total supply, and it’s definitely getting attention in the market – it’s a positive sign!

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2026-03-31 04:19