Bitmine Adds $70 Million Worth of Ethereum; Holdings Reach 5.93 Million ETH
Tom Lee's Bitmine Immersion Technologies has added approximately $70 million worth of Ethereum to its holdings, acquiring an additional 28,086 ETH tokens last week. This brings the company’s total Ethereum holdings to 5.93 million ETH, valued at around $14.8 billion as of September 7, 2026. Bitmine has been consistently purchasing Ethereum weekly since launching its treasury strategy on June 30, 2025. Bitmine's latest acquisition is slightly smaller than the previous week’s purchase but continues to bring it closer to owning approximately 5% of Ethereum’s total supply. The company currently holds about 4.9%, and with this new addition, it has reached nearly 97% toward its target. Bitmine also stakes around 85% of its holdings, generating projected annualized staking revenues of $330 million. The move highlights growing institutional interest in Ethereum as a strategic asset class amid strong performance compared to traditional markets like the S&P 500.
Topics: Bitmine Cryptocurrency Investment Ethereum Tom Lee Treasury Strategy