- Bitmine added 60,976 ETH for $123.84M, raising total holdings to 4,535,563 ETH.
- Bitmine’s Ethereum holdings are worth more than $9.2B and equal about 3.76% of total supply.
- More than $6B of Bitmine’s ETH is staked, with annualized staking revenue at about $174M.
Tom Lee’s Bitmine has added another $123.84 million in Ethereum, pushing its total holdings above $9.2 billion.
The latest purchase raises the company’s stash to 4.53 million ETH, while a large share is already staked for yield. With this move, Bitmine is tightening its grip on Ethereum supply and deepening its treasury strategy during a weak market.
Bitmine Expands Ethereum Holdings
BitMine Immersion Technologies bought another 60,976 ETH for about $123.84 million. The latest purchase lifted its total Ethereum holdings to 4,535,563 ETH. Based on the company update, that position is worth more than $9.2 billion.
The company said its ETH holdings now account for about 3.75% to 3.76% of total supply. That keeps Bitmine closer to its stated goal of holding 5% of Ethereum supply. Tom Lee, Bitmine’s chairman, has continued to back the company’s ETH-focused strategy.
TOM LEE BOUGHT ANOTHER $120M $ETH
Tom Lee’s Bitmine bought another $123.84M ETH. Bitmine now holds $9.21 BILLION of ETH, which is now over 3.75% of the total ETH supply. Bitmine holds $6.18B of staked ETH, which is over 2.5% of the entire ETH supply.
Tom Lee is buying and… pic.twitter.com/BZ1YB0rgHC
— Arkham (@arkham) March 10, 2026
Bitmine said it may slightly increase the pace of Ethereum purchases. The move came as ETH traded just above $2,000 after recent market volatility. Even with price pressure, the company kept adding to its position.
Staked ETH Grows as Company Seeks Higher Annual Revenue
Bitmine said about $6.0 billion to $6.18 billion of its Ethereum is now staked. That amount equals more than 2.5% of total ETH supply. The company uses staking to earn rewards while keeping a long-term Ethereum position.
According to the update, Bitmine’s staking operations generate about $174 million in annualized revenue. The company said that figure may rise to about $259 million when all staked ETH is fully deployed. It also expects support from its validator platform, MAVAN, which is planned for Q1 2026.
Staking has also gained attention beyond Bitmine. The Ethereum Foundation has started staking part of its treasury through Bitwise Asset Management’s Onchain Solutions. It began with 2,016 ETH and plans to stake about 70,000 ETH, or roughly $140 million.
Ethereum Foundation has begun staking part of its treasury using infrastructure from Bitwise Asset Management’s Onchain Solutions, starting with 2,016 ETH and planning to stake about 70,000 ETH (~$140 million). The initiative uses the open-source staking tools Dirk and Vouch to…
— Wu Blockchain (@WuBlockchain) March 9, 2026
The foundation said the effort uses the open-source staking tools Dirk and Vouch. The goal is to improve security and strengthen operational resilience. That move adds to the wider focus on staking among major Ethereum holders.
Market Focus Stays On Strategy and Risk
Bitmine said it is still carrying more than $3.7 billion in unrealized losses as Ethereum prices remain below earlier highs. Even so, the company has kept its focus on long-term accumulation and staking income.
Tom Lee has described the current market as being in a “late bear” phase. That comment comes as traders continue to watch crypto prices closely. Investors are also tracking whether Bitmine moves faster toward its 5% Ethereum target.
The company has said it has support from investors including ARK, Founders Fund, Kraken, and Galaxy Digital. It also noted that BMNR remains one of the more actively traded U.S. stocks by volume. For now, Bitmine’s latest $123 million Ethereum purchase has kept its crypto strategy in focus.
