Bitmine Adds 10,399 Ether as Tom Lee Sees Stronger Crypto Momentum

Bitmine Immersion Technologies, the world’s largest corporate holder of ether, has bought ETH every week since launching its treasury strategy on June 30, 2025. The company aims to own 5% of Ethereum’s supply, making its purchases a significant source of institutional demand. As the target draws closer, investors are watching how Chairman Tom Lee balances further accumulation with staking income and share repurchases that could increase crypto-asset value per share.

On Aug. 10, Bitmine said it bought 7,391 ETH in the previous week, its smallest weekly purchase of 2026, worth about $14.2 million at an ether price of $1,915. Holdings rose above 5.8 million ETH, or roughly 4.8% of supply. The company instead repurchased 3 million shares, estimated at $50 million to $58 million, taking buybacks since July to 19.1 million shares. Lee said the odds of a Federal Reserve rate increase in September had fallen to 40% from 75% two weeks earlier, and easing financial conditions should support crypto.

Bitmine Immersion Technologies, chaired by Tom Lee, has purchased ether every week since launching its ETH treasury strategy on June 30, 2025. The company is pursuing its “Alchemy of 5%” target, seeking to control 5% of Ethereum’s supply. With total crypto and cash holdings of about $11.5 billion and roughly 85% of its ETH staked for yield, the share repurchases mark a shift toward balancing treasury expansion with returns to shareholders.

On July 20, Bitmine said it added just 7,430 ETH, worth about $14 million, during the prior week, lifting its holdings to 5,777,468 ETH. It simultaneously spent about $86 million to repurchase 5.5 million shares at an average $15.62 each. A July 27 update showed purchases recovering to 9,946 ETH, taking the treasury to 5,787,414 ETH, while weekly buybacks rose to 6.1 million shares and cumulative repurchases reached 11.6 million.

As the largest corporate holder of Ether, BitMine Immersion continues to treat the cryptocurrency as a key reserve asset and is actively pursuing its goal of owning 5% of the circulating supply in 2026. Chairman Tom Lee said market expectations of a significantly greater chance that the U.S. Clarity Act will pass have helped drive the recent rise in Ether’s price. Greater policy clarity is also prompting companies and users to increasingly treat Ether as real money, laying the foundation for long-term growth.

According to the latest developments in July 2026, BitMine Immersion bought another 42,197 Ether last week, worth about $74 million, bringing its total holdings to 4.8% of the circulating supply. Lee confirmed that the accumulation included heavy buying within a 24-hour period, followed by a further purchase of 27,000 Ether as the company seeks to achieve its strategic “Alchemy of 5%” ownership target by year-end.

As the world’s second-largest cryptocurrency, Ether attracts close scrutiny over the distribution of its supply and institutional positioning. Tom Lee’s investment firm BitMine has built a long-term position in digital assets. Changes in the size of its holdings reflect institutional confidence in the blockchain ecosystem, while its substantial share of Ether’s supply makes the company an important indicator of market liquidity and price volatility.

The latest data show that BitMine’s Ether holdings have increased to 5.77 million tokens, or about 4.8% of total supply. However, falling Ether prices weighed on related tokens and the broader market on Monday, July 13. Recent on-chain transactions involving institutions including Robinhood also put the cryptocurrency market under broad pressure on Monday.

Bitmine, the world's largest corporate holder of ether, continues to use company funds to build its ETH reserve, with the market watching how its large purchases affect supply and prices. As its holdings approach 5% of Ethereum's total circulating supply, the company has become an important gauge of institutional crypto adoption.

Bitmine recently spent about $43 million to acquire another 27,084 ETH, further increasing its total holdings. Chairman Tom Lee said the recent weakness in cryptocurrencies was primarily driven by quarter-end "window dressing" in late June, as investors exited impaired positions before the second half began, creating short-term selling pressure.

Bitmine Immersion Technologies has made building a corporate Ether reserve its core strategy, with a target of holding close to 5% of the network’s total supply. Chairman Tom Lee believes Wall Street asset tokenization, AI applications and demand for blockchain validation will collectively increase Ethereum’s value. The company also plans to use its own infrastructure to expand staking returns.

Bitmine recently bought another 52,000 Ether, bringing its total holdings to 4.42 million and cementing its position as the world’s largest publicly traded corporate holder of the cryptocurrency. It had previously purchased more than 100,000 Ether in a single transaction during a market decline. Lee believes the “mini crypto winter” is nearing an end and expects the market could reverse as early as March, though the reports did not disclose the exact transaction dates or amounts paid.

BitMine has made Ethereum (ETH) its primary treasury asset, using continued purchases and staking to build the world’s largest Ethereum treasury. Its long-term goal is to hold close to 5% of ETH’s circulating supply. Chief Executive Tom Lee believes the Ethereum network’s applications and yield-generating capacity remain supportive, and that short-term price volatility does not alter the company’s strategy.

In the week through July 19, 2026, BitMine deployed about $92 million during a market decline to buy an additional 127,000 ETH, raising its total holdings to 5.54 million ETH. About 4.72 million ETH had been staked to earn an annualized yield. Lee described the recent selling pressure as a “surface phenomenon” unrelated to fundamentals.

Bitmine, led by Fundstrat co-founder Tom Lee, has adopted an “Ethereum MicroStrategy” strategy that makes Ether a core corporate reserve asset. Its long-term goal is to hold 5% of the circulating supply. The concentrated buying is affecting ETH supply and demand and reflects a new trend of listed companies using crypto assets to strengthen their balance sheets.

As of mid-July 2026, Bitmine had spent about $53 million to buy roughly 26,500 ETH in the previous week, well below its earlier pace of about 100,000 tokens per week. The company has bought more than 1 million ETH since the start of the year and now holds about 5.2 million, representing 4.31% of Ether’s circulating supply. Lee expects it to reach the 5% target by December.

Bitmine is an Ethereum treasury company whose core strategy is to hold ETH on its corporate balance sheet and steadily increase its exposure to the Ethereum ecosystem. Its holdings already exceed 4% of ETH’s total supply. Such large purchases reflect the institution’s view of the cryptocurrency’s price and could also affect market supply and demand as well as investor sentiment.

Bitmine bought 71,672 ETH last week as the cryptocurrency fell below $2,200, sharply increasing its purchases from the previous week. Its latest holdings surpassed 5.27 million ETH, or about 4.37% of total supply, closing in on its 5% target. Analyst Tom Lee called the pullback an attractive entry opportunity and said rising oil prices could weigh on cryptocurrency prices.

BitMine Immersion Technologies has amassed Ether on its corporate balance sheet, aiming to control 5% of the global circulating supply while generating yield through staking. The strategy has made it the world’s largest corporate holder of ETH, while closely tying its valuation to the token’s price, regulatory developments and the risks of concentrated ownership.

BitMine said on March 23, 2026, that its total assets had reached $11 billion and that it held 4,660,903 ETH, equal to 3.86% of supply. It added 65,341 tokens worth about $138 million in one week. Holdings had exceeded 5.18 million tokens by May 7. Chairman Tom Lee said the company would slow its purchases as it approached the 5% target and viewed the CLARITY Act as a positive catalyst.