Bitmine is once again accumulating 50,000 ETH, with a total holding of 4.47 million! Tom Lee: Ethereum's price is still undervalued

Bitmine once again demonstrates its strong confidence in Ethereum (ETH). According to the latest announcement, the company increased its holdings by 50,928 ETH last week, bringing its total to 4,473,587 ETH, currently controlling 3.71% of the global ETH supply.
(Background: Bitmine buys 51,000 ETH, total holdings soar to 4.42 million! Tom Lee: Three fundamentals support Ethereum)
(Additional context: Bitmine invests another $100 million to buy 51,000 ETH! Tom Lee: Dip is a buying opportunity)

Amid recent increased volatility in the cryptocurrency market, U.S.-listed company Bitmine Immersion Technologies (hereafter referred to as Bitmine, stock ticker: BMNR) once again shows strong investment confidence in Ethereum. According to the company’s latest announcement on March 2, 2026, Bitmine significantly increased its ETH holdings by 50,928 ETH over the past week, raising its total to 4,473,587 ETH.

“Alchemy of 5%” Strategy Steadily Progresses, ETH Holdings Account for 3.71% of Global Supply

Bitmine Chairman Tom Lee stated that although recent geopolitical factors and the “mini crypto winter” have caused cautious market sentiment, the company views this pullback as an attractive opportunity to deploy capital. Bitmine follows the “Alchemy of 5%” treasury strategy, aiming to acquire 5% of the total global ETH supply. With last week’s increase, the company’s ETH holdings now represent 3.71% of the total supply, achieving 74% of its 8-month goal.

Currently, Bitmine’s total assets—including cryptocurrencies, cash, and strategic investments—reach $9.9 billion. Its ETH holdings are the largest among corporate treasuries worldwide, second only to MicroStrategy, which focuses on accumulating Bitcoin.

Expanding Staking Operations, Annualized Revenue Reaches $172 Million

Beyond simply holding ETH, Bitmine actively optimizes asset returns through staking. As of March 1, 2026, Bitmine has staked over 3.04 million ETH, accounting for 68% of its holdings. Based on an ETH price of approximately $1,976, these staked assets are valued at around $6 billion, generating an estimated annual income of $172 million.

Bitmine also announced that its self-developed “Made in USA Validator Network” (MAVAN) is expected to launch in Q1 2026, providing more secure and efficient staking infrastructure. Once assets are fully transferred to MAVAN and its partner platforms, the annual staking rewards are projected to increase further to $253 million.

Finally, Tom Lee also pointed out through Bitmine’s announcement that the current market price of ETH does not yet fully reflect its high practical value as the core of “future finance.” The company continues to see ETH as a primary reserve asset and, similar to the post-1971 Bretton Woods system modernization, believes that the current digital asset transformation will bring revolutionary changes to the financial system.