Tom Lee’s Bitmine Acquires 71,179 ETH As Holdings Near The 5% Target

• Bitmine holds 4.73M ETH, about 3.92% of supply, advancing toward its 5% accumulation target.

• MAVAN staking platform deploys 66% of ETH holdings, generating $177M annualized revenue.

• Firm reports $10.7B in assets, including crypto, cash, and “moonshot” investments.

Bitmine Immersion Technologies, Inc. reported $10.7 billion in total crypto, cash, and “moonshot” holdings today, while expanding its Ethereum position and launching a new staking platform. Chairman Tom Lee confirmed the firm now controls 3.92% of Ethereum supply, following continued accumulation and infrastructure growth over recent weeks.

Ethereum Accumulation Accelerates

According to Tom Lee, Bitmine added 71,179 Ethereum in the past week, exceeding its previous weekly purchase. This followed an earlier acquisition of 65,341 ETH, maintaining a four-week accumulation streak. As a result, total holdings reached 4,732,082 ETH.

This position represents about 3.92% of Ethereum’s circulating supply of 120.7 million tokens. The company stated this moves it over 78% toward its stated “Alchemy of 5%” target. Meanwhile, Bitmine disclosed $961 million in cash alongside additional crypto reserves.

Beyond core holdings, the firm also reported a $200 million stake in Beast Industries and $102 million in Eightco Holdings. It added exposure through ORBS, which links to OpenAI-related developments, forming part of its “moonshots” allocation.

Staking Operations Expand With MAVAN

Alongside accumulation, Bitmine confirmed the launch of its MAVAN staking platform. The system targets institutional Ethereum staking, focusing on performance and security. A portion of its ETH reserves is already deployed within the platform.

As of March 29, 2026, Bitmine reported 3,142,643 ETH staked, valued at $6.3 billion. This accounts for roughly 66% of its total holdings. Annualized staking revenue currently stands at $177 million, based on a 2.80% seven-day yield.

However, projections indicate potential annual rewards could reach $266 million at full deployment. The company noted that it continues working with staking partners as MAVAN scales.

Market Context And Performance Metrics

Tom Lee also addressed broader market dynamics affecting crypto assets. He stated that Ethereum has outperformed equities by approximately 1,160 basis points during recent geopolitical tensions involving Iran.

In contrast, gold lagged by more than 750 basis points over the same period. Additionally, Lee pointed to a growing inverse correlation between crypto assets and oil prices.

He noted that rising oil prices continue to pressure both equities and crypto markets. This relationship, he said, remains a factor shaping short-term asset performance.