Trending Now - Bitmine's $238M Ethereum Purchase Boosts Supply Share to 4.5%

WHO:

NewsBTC - Bitmine Immersion Technologies is identified as the world's largest Ethereum treasury.

NewsBTC - Tom Lee is the Chairman of Bitmine.

WHAT:

NewsBTC - Bitmine's Ethereum holdings now total 5,390,404 ETH at a price of $2,134 per token.

NewsBTC - Bitmine has stakes worth $200 million in Beast Industries and $95 million in Eightco Holdings as part of its “Moonshots” initiative.

NewsBTC - Bitmine purchased 111,942 ETH for approximately $238 million.

NewsBTC - Bitmine's total crypto and cash holdings have reached $12.3 billion.

NewsBTC - Bitmine now owns nearly 5.4 million ETH tokens.

NewsBTC - Bitmine's Ethereum holdings represent 4.47% of the total supply of 120.7 million ETH.

NewsBTC - 4,712,917 ETH of Bitmine's holdings have been staked, valued at about $10.1 billion.

NewsBTC - The projected annual ETH staking reward for Bitmine is $276 million.

WHERE:

NewsBTC - The purchase occurred during a market dip, specifically when Ethereum dropped below $2,200.

WHEN:

NewsBTC - The purchase was made during the recent market pullback.

NewsBTC - The largest purchase since December 2025 was reported.

NewsBTC - Bitmine is expected to reach the 'alchemy of 5%' sometime in 2026.

WHY:

Cointelegraph - Tom Lee stated that the recent purchase was Bitmine's biggest buy so far in 2026.

NewsBTC - Tom Lee stated that the recent market correction represented “an attractive opportunity” to increase Bitmine’s holdings.

NewsBTC - Lee expressed a belief in a forthcoming supercycle for crypto and Ethereum, driven by Wall Street tokenization and agentic-AI.

HOW:

NewsBTC - Bitmine's strategy involves steady accumulation of Ethereum during market corrections.

(UPDATED May 27, 2026 21:34 UTC)

Bitmine's Ethereum holdings have reached a substantial total of 5,390,404 ETH, currently valued at $2,134 per token. In addition to this, Bitmine has significant stakes worth $200 million in Beast Industries and $95 million in Eightco Holdings as part of its "Moonshots" initiative. According to Tom Lee, this recent purchase marks Bitmine's largest acquisition in 2026.

--

(UPDATED May 27, 2026 12:06 UTC)

Bitmine Immersion Technologies has emerged as the world's largest Ethereum treasury, with Chairman Tom Lee announcing a significant purchase of 111,942 ETH for approximately $238 million during a recent market dip when Ethereum fell below $2,200. This acquisition has boosted Bitmine's total crypto and cash holdings to an impressive $12.3 billion, including nearly 5.4 million ETH tokens, which represent 4.47% of the total supply. Lee described the market correction as “an attractive opportunity” for increasing Bitmine's holdings, as the company anticipates reaching the 'alchemy of 5%' sometime in 2026.