Bitmine is no longer slowing down. Despite a delay/moderation announcement at the beginning of Mayit seems that Bitmine Immersion Technologies (BMNR action) ultimately continues to accumulate ethers ofEthereum (ETH) at a breakneck pace. The company headed by Thomas « Tom » Lee has in fact just added for more 200 million dollars of cryptocurrency in its cash reserves, moving a little closer to its goal of holding 5% of all ETH in circulation.
The key points of this article:
Bitmine recently acquired almost 127,000 additional ETH, bringing its total reserves to 5.54 million ETH. The company now holds 4.59% of Ethereum’s total supply, moving closer to its goal of reaching 5%.
Bitmine exceeds 5.5 million ETH for its corporate treasury
In a press release published on June 8, 2026, we learn that Bitmine bought precisely 126 971 ETH last week, for a little more 200 million dollars. This brings its reserves to an impressive total of 5,54 millions d’ethers. With this latest purchase, Bitmine now holds 4.59% of the total Ethereum supplyand is getting closer to its objective “ Alchemy of 5% »: accumulate 5% of all ethers in circulation. He only has about 490,000 ETH to acquire to reach this milestone.
“Over the past week, we acquired 126,971 ETH. We have intensified our purchases, as we believe that this decline in ETH prices does not reflect the strengthening of Ethereum’s fundamentals. This is not surprising, given that we are at the beginning of the “crypto spring”. (…) Bitmine should reach Alchemy of 5% during 2026.
Thomas “Tom” Lee, President of Bitmine.
An aggressive staking strategy that already generates $230 million per year
Despite a 30% kick approximately the price of ETH since the peaks of April/early May, Bitmine therefore sees in this decline a buying opportunity rather than a warning signal. It must be said that accumulation is only part of the Bitmine equation. The crypto treasury company is also banking heavily on staking to generate recurring revenue. Bitmine currently has 4,7 millions d’ETH put into play, i.e. approximately 85% of its total ether holdings. Annual revenues linked to staking rewards are now “estimated at $230 million » according to Tom Lee. To go further, Bitmine plans to switch all of its assets to its own staking platform, MAVANand with partners. The acronym MAVAN, for Made in America Validator Network, designates a network of validators initially designed to manage the company’s internal cash flow. Annual staking revenues are expected to reach $270 million once all the ETH have been put into play. With $9.6 billion in assets in cryptocurrencies (including 204 bitcoins (BTC) in addition to ethers) and in cash, Bitmine is therefore establishing itself as a leading player in the crypto market, and is by far the largest holder for Ethereum. For Tom Lee and company, every dollar lost by ETH seems an additional opportunity to expand their crypto-treasurealready colossal. The question is no longer whether and » Bitmine will reach 5% of all ether in circulation, but rather “ When ».