Breaking: Tom Lee’s BitMine Acquires 71,179 ETH, BMNR Stock Price Recovers

Bitmine Immersion Technologies, Inc. reported total crypto, cash, and “moonshot” holdings of $10.7 billion today. The firm confirmed 3,142,643 staked Ethereum valued at $6.3 billion while launching its MAVAN staking platform. Chairman Tom Lee said Bitmine now controls 3.92% of ETH supply as accumulation and infrastructure expansion continue.

Bitmine Expands With New Ethereum Purchase 

Tom Lee’s Bitmine added 71,179 Ethereum over the past week. This new purchase exceeded its earlier weekly purchase. As CoinGape reported last Monday, Bitmine had acquired 65,341 ETH in the week prior. According to Tom Lee, the firm sustained this higher buying pace over four consecutive weeks.

As a result, Bitmine’s total holdings reached 4,732,082 ETH. This equals about 3.92% of Ethereum’s 120.7 million circulating supply. The company said this places it over 78% toward its “Alchemy of 5%” target.

Meanwhile, Bitmine disclosed total crypto and cash holdings of $10.7 billion in today’s release. This includes $961 million in cash and additional crypto assets. The firm also holds a $200 million stake in Beast Industries and $102 million in Eightco Holdings.

In addition, Bitmine reported exposure through ORBS holdings. The company said this provides equity-linked access to OpenAI-related developments. These positions form part of its broader “moonshots” allocation.

Also, Bitmine confirmed the launch of MAVAN. The platform supports institutional-grade Ethereum staking with a focus on performance and security. A portion of Bitmine’s ETH is already deployed within this system.

ETH Accumulation Continues as Staking Scales

Alongside treasury growth, Bitmine continues expanding staking operations. As of March 29, 2026, total staked Ethereum is at 3,142,643 ETH. This equals about $6.3 billion at a $2,005 price per token.

Bitmine has staked more Ethereum than any other entity globally. About 66% of total holdings are now staked across its network. Annualized staking revenue currently stands at $177 million.

However, projected rewards could reach $266 million annually at full scale. This estimate uses a 2.80% seven-day BMNR yield. Meanwhile, the composite Ethereum staking rate stands at 2.79%.

Lee added that Bitmine continues working with staking partners as MAVAN expands. The platform aims to support institutional investors and custodians seeking Ethereum staking infrastructure.

He also addressed broader market conditions tied to the Iran conflict. According to Lee, Ethereum has outperformed equities by about 1,160 basis points. In contrast, gold has lagged by more than 750 basis points.

Lee further noted a rising inverse correlation between crypto and oil prices. He said higher oil remains a pressure for equities and crypto markets. This outlook continues affecting short-term asset performance.

BMNR Stock Price Outlook

The Bitmine described BMNR as one of the most actively traded crypto stocks in the U.S. BMNR stock showed a slight recovery in premarket trading following the disclosure.

Source: Yahoo Finance

At the time of writing, the BMNR stock traded at $19.25, up by 4.68% or $0.86. This increase follows a Friday close of $18.39.

As per Yahoo Finance, BMNR stock has a yearly trading range between $3.20 and $161.00. It has a market cap of approximately $8.36 billion. Average daily volume is near 44.64 million shares.