The company says it is 99% of the way to a target it calls the “Alchemy of 5%.” A 5% stake in 122.1 million ETH comes to 6,105,000 tokens. Bitmine’s 6,028,946 ETH is 76,054 below that line. Chairman Tom Lee pegged the gap a little higher in his October 7 Chairman’s message. Bitmine needs “about 100,000 more ETH, and that’s about it,” Lee said in the video. Lee has said purchases stop once Bitmine hits the target. The latest purchase was about $32 million at the price of $2,544 per ETH based on Coinbase’s Sunday pricing.

Bitmine is almost close to its target of 5%

Bitmine bought $41 million worth of ETH the week before. It trimmed its weekly rate from over 100,000 ETH as it approached 5%, Cryptopolitan said in May. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Lee said. In September, a 28,086 ETH buy took Bitmine to 5.93 million tokens, Cryptopolitan reported.

Bitmine has staked 5,067,309 ETH, 84% of its holdings, valued at about $12.9 billion. The stake is run by its MAVAN validator network and staking partners. Annualized staking revenue sits at $336 million on the ETH staked now, Lee said. He said that if fully staked, the treasury would bring in around $400 million a year at a 2.61% seven-day yield. Bitmine disclosed in a statement that as of October 11, it had $16.2 billion in crypto, cash, and other assets. The total includes $612 million in cash and marketable securities and 214 bitcoin.

$180 million of that is Beast Industries, and $85 million is Eightco Holdings. Bitmine’s BMNP, a 9.5% perpetual preferred sold at $80 in June, last closed at $99.53. Lee said BMNP is up 24% since issuance, versus Treasuries, which are down 8% in the same period. He puts its 9.56% yield 256 basis points below comparable bitcoin credit. Lee sees potential for the biggest-ever crypto bull market.

Tokenization, wealth transfer, treasury firms absorbing supply, and AI are the drivers, he said. ETH was down 10% in the first nine months of 2026, and BMNR was down 3%, Lee said. He said ETH topped the S&P 500 by 6,832 basis points over the third quarter. Bitmine calls itself the largest ETH treasury and the second-largest crypto treasury overall. Strategy Inc. occupies the number one spot.

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The company added more than 71,500 ETH in one week, lifting total holdings close to 4.9 million ETH. This rapid buildup highlights rising institutional confidence in Ethereum’s long-term outlook.

Bitmine Immersion Technologies confirmed it held 4,874,858 ETH as of April 12, 2026. Based on a price of about $2,206 per coin, the stash represents a significant share of the network. 

The holdings equal roughly 4.04% of Ethereum’s estimated total supply of 120.7 million ETH. The company also disclosed 198 Bitcoin, $719 million in cash, and equity investments, bringing its portfolio to about $11.8 billion.

Rapid accumulation strengthens the supply squeeze narrative

The pace of purchases stands out as the most notable development. Bitmine acquired nearly 71,524 ETH within a week, marking its fastest accumulation since late 2025. 

The firm linked the recent buying streak to improving sentiment after a period it described as a mini crypto winter.

This accumulation trend supports the view that Ethereum’s liquid supply is tightening. Large purchases reduce the amount of ETH available for trading, especially when combined with long-term holding strategies. Market participants often interpret such conditions as supportive of price strength over time.

Bitmine has now emerged as one of the largest Ethereum holders globally. Its position places it among leading corporate crypto treasuries, reinforcing the role of institutions in shaping market dynamics.

Staking strategy removes liquidity and boosts yield

A large portion of Bitmine’s ETH is not actively traded. The company reported that about 3,334,637 ETH, or nearly 68% of its holdings, is staked. At current prices, this stake amount is valued at around $7.4 billion.

Staking locks assets and limits their availability in the market. This reduction in circulating supply can amplify price movements when demand increases. Bitmine stated its staking operations generate about $212 million in annualized revenue.

The firm expects higher returns if it stakes its entire Ethereum balance. Under projected conditions, annual rewards could reach about $310 million. Its current seven-day staking yield stands at 2.89%, slightly above the broader Ethereum composite rate.

To support this approach, Bitmine developed its MAVAN platform. The system is designed for institutional staking and may expand to external clients over time. Part of the company’s ETH is already managed through this network.

Institutional demand supports Ethereum outlook

Bitmine linked its strategy to broader industry trends. The company pointed to growing institutional adoption and increased use of blockchain systems in finance and technology. It also cited tokenization and AI integration as key drivers of Ethereum demand.

The firm noted that Ethereum has shown resilience during recent geopolitical tensions. It reported a 17.4% gain during the ongoing Iran conflict, outperforming some traditional assets within that period.

Bitmine ranks among the largest crypto-holding public companies. It trails only Strategy Inc. in total crypto reserves, though it remains the top corporate Ethereum holder.

Trading activity in Bitmine’s stock has also increased. The company reported an average daily volume of about $747 million over five days. Higher liquidity could attract more institutional investors seeking indirect exposure to Ethereum.

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The Nasdaq-traded company purchased more Ethereum and staked them, but the losses were heavy due to market volatility.

Since going live with its treasury plan in June 2025, the company had expanded its Ethereum holdings to about 868,699 ETH and was receiving 14,516 ETH in staking rewards. 

Sharplink has experienced a loss, but its total revenue increased to 28.1 million in 2025 compared to 3.7 million in 2024, mostly because of stakeholder income.

Ethereum Holdings and Treasury Strategy

Sharplink has heavily invested aggressively in Ethereum, and this has put the firm under high volatility. 

The company recorded 864,597 ETH in its treasury as of the end of 2025, and this increased to 868,699 ETH at the beginning of 2026. The earnings were increased by staking initiatives, which further shows the revenue potential of its digital-asset strategy.

Analysts observed that realized gains of ETH conversions of $55.2 million partially covered losses. Sharplink also raised $3.2 billion last year to fund its Ethereum treasury plan.

The company also has a better focus on Ethereum exposure as the company has increased the concentration of ETHs per share to 4.01(up) against 2.0(down).

Market Volatility and Performance

The Ethereum price has fluctuated, touching a high of 2,179 and then falling short of 2,000 on March 6. At the moment, ETH is trading at 2,043.18, which is trading up 2.58% in the last 24 hours, according to CoinMarketCap data. 

CEO Joseph Chalom highlighted that the business plan of Sharplink is aimed at resisting market fluctuations and creating long-term value.

Chalom, the former head of digital assets at BlackRock, said that the treasury platform is able to work in both good and difficult situations. Even though Ethereum declined to a high of 5,000 in August 2025, it plans to keep its performance intact by employing the use of disciplined asset management as well as staking activities.

The stock of Sharplink has fallen by 55% in six months, a small loss compared to Ethereum, which is down 53%. 

The company earns revenue by becoming an Ethereum validator with proof-of-stake and implementing funds in the protocols of decentralized finance to gain a greater yield.

Revenue Growth and Institutional Interest

Sharplink was able to record a significant increase in revenues even though the company recorded a significant net loss. 

The burst in revenues to $28.1 million in 2025, compared to $3.7 million in 2024, was sparked by staking income that increased by almost 50% in the fourth quarter to $15.3 million.

Company interest also increased in the form of institutional ownership, which increased by 6% to 46%. The rise in the number of participants is a sign of trust in the crypto-oriented strategy of Sharplink. 

The company is the 2nd-largest publicly traded Ethereum treasury behind BitMine, which owns over 4.5 million ETH, that is, approximately 3.8% of the circulating supply of Ethereum.

Ethereum co-founder and ConsenSys CEO Joe Lubin, who is also the chairman of Sharplink, highlighted the role of the company as a gateway between the traditional financial markets and the opportunities of Ethereum. 

He observed that institutional adoption had gained traction in 2025, and this would provide a favorable environment to firms, which were connecting public markets to the crypto ecosystem.

The outcomes of Sharplink depict the possible benefits and dangers of corporate crypto treasuries. Although the short-term losses represent the market fluctuations, the company’s stake and Ethereum-based strategy suggest a long-term growth strategy that aims at building resilience amid the fluctuating market conditions.

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It is the institutional investor that currently governs a fair amount of about 3% of the total amount of the supply of the ETH. Analysts consider this a good indication that they have confidence in the long-term prospects of Ethereum.

Arkham Intelligence data indicates the acquisition was made of BitGo at 3,033 per ETH on the wallet address 0xbd0…E75B8. Although BitMine has not officially confirmed the acquisition, the company has already invested in Ethereum in the tune of $200 million, suggesting it has more plans for increasing its investment.

BitMine gains strength in Ethereum

Although the market has had some turbulence in the recent past, BitMine is still amassing Ethereum to enable it to pursue its strategic investment objectives. The company has become a 3,629,701 ETH, which is currently worth about $10.9 billion. It intends to achieve a 5% ownership in Ethereum in circulation.

Such massive institutional purchases may have a great impact on the market. These kinds of moves usually result in increased amounts of trading, appeal to both retail and professional traders, and can push the price upwards. Experience indicates that Ethereum acquisitions have been followed by a price increase of between five and ten percent in 24 to 48 hours.

Ether is trading around $3 018, and it is supported at the 2800 level and opposed at the 3500 level. Analysts contend that further purchasing of BitMine might bring ETH to its resistance. Besides, institutional support fuels trust in Ethereum-based projects, motivating the investment in other altcoins and decentralized apps.

Market influence and investor confidence

The activity of BitMine has a wider effect on the sentiment of investors. Markets can be stabilised with institutional interest, and long-term holding behaviour may be stimulated amongst retail investors. Large-scale acquisitions are also indicative of trust in blockchain and the Ethereum network.

The company activity can spur additional market participation and open up opportunities for the investors analyzing institutional activity. These patterns tend to be a sign of future development and can disrupt the trading patterns in cryptocurrency markets.

Tom Lee predicts Ethereum’s large profits

BitMine chair and crypto-analyst Tom Lee estimates Ethereum to hit between $7,000 and $9,000 in January 2026. He also indicates that the price can go down to $2,500 and then begin a prolonged increase. Lee predicts Bitcoin to hit over 100,000 in the year because more people will adopt it and institutions will drive its demand.

Lee emphasized that the Federal Reserve will continue to keep interest rates low, which will most likely lead to risk-taking and investments in digital assets. A constant money policy would assist the investors in making long-term plans and minimize panic in case of market fluctuations. He also mentioned that there could be unofficial connections between the trends of cryptocurrency and indexes of heavyweight stocks, where an improvement in one market can take advantage of the other.

The further accumulation and the optimistic outlook of Lee on Ethereum serve to remind us of the increasing institutional backing of the cryptocurrency. According to market observers, this may boost trust in the crypto and tech markets and long-term investment in the digital world.

The post BitMine acquires $44M in Ethereum as Tom Lee predicts ETH rally first appeared on Coinfea.

The aggressive action of the company is also associated with further optimism in the cryptocurrency industry, despite the doubts regarding the sustainability of the digital assets treasuries.

BitMine Increases Ethereum Holdings.

It was reported that BitMine has earned approximately 379,271 ETH, which is worth approximately 1.5 billion dollars at present. The acquisitions were made in three transactions. According to Arkham Intelligence, 202,037 ETH, 104,336 ETH, and 72,898 ETH were purchased following the crash over the weekend, on Thursday, and on Saturday, respectively. The acquisitions were also announced by BMNR Bullz, a tracker that keeps track of the transactions of BitMine, even though the firm has not officially verified the acquisitions.

BitMine is now the holder of over three million ETH, and it is approximately 2.5 percent of the total circulating supply of Ethereum. This cache is estimated at 11.7billion. The company hopes to own 5 percent of the supply of Ethereum, the goal it started working on in July 2025, when ETH was trading at around 2,500.

Market Analysts have a Bullish View

Tom Lee of Fundstrat still has a positive outlook on the long-term prospects of Ethereum. Although Lee observed that the trend of digital asset treasury might be declining, he opined that Ethereum might become superior to the dominance of Bitcoin. He related such a possible change to how U.S. equities surpassed gold since 1971, when it dropped the gold standard.

Lee told ARK Invest founder Cathie Wood that in a recent chat, Ethereum may be priced at between 10,000 and 12,000 by the end of the year. His optimistic outlook is in line with opinions expressed by BitMEX co-founder, Arthur Hayes, who has also offered a massive rise in the ETH. Today, the market capitalization of Bitcoin is approximately five times bigger than that of Ethereum.

Ether-Treasuries have ambivalent sentiments.

Lee also discussed the issue of digital asset treasuries. He reported that some of them are currently trading at a lower price than their net asset value, indicating that the speculative bubble might have already burst. Studies by 10x Research showed that large treasuries such as Metaplanet and Strategy are trading at or below their NAV. Nevertheless, the company pointed out that a firm that had a strong capital base and management could also provide high returns.

In the meantime, Huobi founder Li Lin has been reported to have raised $1 billion to invest in an Ethereum treasury, indicating that institutional interest still prevails even with market volatility.

Tom Lee feels that the ongoing bear market is a period of consolidation and not a crypto cycle. He indicated that the leverage ratios in the crypto market are at an all-time low, which could indicate some hope of recovery. As Ethereum regained its price and institutional attention, the massive hoarding by BitMine suggests that the market is starting to believe in the long-term value of the asset, despite the uncertainty prevailing in the post-crash market.

The post BitMine Raises $1.5B Ethereum After Market Crash first appeared on Coinfea.