Bitmine Adds Another 76,881 ETH as Tom Lee Declares "Crypto Spring" Has Arrived
Miles Bennett
Bitmine grew its Ethereum hoard to 5.62 million ETH worth roughly $9.66 billion, making it the world's largest corporate ETH holder; chairman Tom Lee calls this 'early crypto spring,' yet ETH still trades 60% below its all-time high.
How big is 5.62 million ETH?
Bitmine added 76,881 ETH this week, lifting its total to 5.62 million tokens valued at roughly $9.66 billion at $1,718 per coin.
This means → Bitmine is now the largest corporate Ethereum holder on the planet, second only to Strategy's ~$54 billion Bitcoin treasury in the overall corporate-crypto ranking.
In plain terms = Strategy is the "hoard king" of Bitcoin; Bitmine is building the same position in Ethereum.
How close is the "5% Alchemy" target?
The 5.62 million tokens represent 4.66% of Ethereum's total supply (120.7 million ETH) — 93% of the way to Bitmine's self-set "5% Alchemy" goal.
The company expects to hit the target sometime in 2026.
This means → once reached, one out of every 20 ETH in existence will sit in Bitmine's vault — an unprecedented concentration of a major network in a single corporate treasury.
Staking income — how does the math work?
Over 83% of the position (~4.72 million ETH) is staked — staking means locking tokens into the network to help validate transactions in exchange for yield.
The 7-day annualized staking rate is 2.79%, projecting roughly $219 million in annual staking income, rising to ~$269 million after its MAVAN validator infrastructure scales up.
This means → Bitmine is not simply sitting on coins and waiting for a price rally. The steady cash flow from staking is the core difference between its model and a pure buy-and-hold corporate treasury.
Tom Lee says "spring is here" — does the market agree?
Chairman Tom Lee framed the recent ETH pullback as "diverging from network fundamentals" and said the market is in "the early stages of crypto spring."
ETH traded at $1,813 at press time, up 8.8% in 24 hours, but still 60% below its August 2025 all-time high of $4,946.05.
This reflects a clear gap between corporate-management narrative and market pricing — "spring" is, for now, more a statement of conviction than a confirmation by price.
What else does Bitmine hold?
Beyond Ethereum, Bitmine owns 204 BTC, an $180 million stake in Beast Industries, $88 million in Eightco Holdings equity, and $502 million in cash and marketable securities.
Shares of BMNR closed last Friday at $16.11, down 2.48%.
In plain terms = ETH is the dominant bet by far, but Bitmine keeps a handful of smaller cards for diversification; the mild stock dip suggests the market is reacting to this latest accumulation with restraint rather than excitement.
Content is for reference only, not financial advice.