Bitmine’s Ethereum Holdings Hit 5.74M ETH as Tom Lee Backs CLARITY Act

Ethereum-focused treasury firm Bitmine Immersion Technologies (NYSE: BMNR) has amassed an additional 42,197 ETH, which is about $74 million in equivalence.

Tom Lee, the current chairperson of the treasury firm, attributed the growing optimism around the CLARITY Act to be a strong catalyst behind the recent development. Currently, the firm holds a total of about 5,742,237 ETH, which is about 4.8% of the asset’s circulating supply.

Bitmine’s Latest Buy Edges Closer to the ‘5% Alchemy’ Target

Tom Lee further disclosed that Bitmine is very close to reaching their long-standing target, which is having 5% of Ethereum’s supply in their custody, a strategy that was branded “Alchemy of 5%.”

While there remains widespread skepticism around $ETH, the rise in the ratio of ETH/BTC signals investors are anticipating improving visibility of "use cases" for crypto

This is a good thing https://t.co/qJm1U1Lyoy

— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) July 6, 2026

Bitmine, in addition to the Ethereum holdings, has also purchased other digital assets, cash, and marketable securities, all amounting to $11.1 billion.

The firm, however, has about 85% of its Ethereum holdings staked via the company’s proprietary MAVAN network. Their equity stakes span 206 BTC, positions in Beast Industries and Eightco Holdings, and $527 million in liquid reserves.

That buying cadence has been relentless. When Bitmine last disclosed a major purchase, a $154 million acquisition that pushed holdings past 5.28 million ETH, BMNR stock slipped despite the bullish signal, a pattern that has repeated across several accumulation rounds.

Earlier in June, Tom Lee signaled that buying ETH could slow, stating Bitmine may not need more than 5% of supply once the target is met. At that time, Bitmine held roughly 4.6%, confirming today’s 4.8% figure represents meaningful progress in a short window. The price of the BMNR stock has surged 8.29% amid recent developments.

Tom Lee Connects Bitmine’s ETH Strategy to CLARITY Act Momentum

Some crypto enthusiasts predicted that the odds of the CLARITY Act passing are roughly above 50% as waves of optimism grow. Tom Lee leveraged the explosive purchase of Ethereum to build a thesis around U.S. regulation.

He argues that regulatory clarity will accelerate institutional adoption of blockchain infrastructure, particularly smart contract platforms. On X (formerly Twitter), Fundstrat reinforced its institutional Ethereum ecosystem view.

Ethereum Institutional @ethereuminsti will play a central and key role as a neutral entity bringing institutional adoption to ethereum ethereum:native

In their words…
“What’s been missing for Ethereum to date is a neutral counterpart on the other side of the table: a guide… https://t.co/uDlIh2JDwP

— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) July 1, 2026

Lee has previously described the current environment as the start of a “crypto spring,” a shift from regulatory uncertainty toward a more permissive institutional landscape.

Under that framing, Bitmine’s staking yield model through MAVAN becomes more viable as compliant infrastructure, not just a speculative bet. The company has positioned itself as the “Michael Saylor of Ethereum”, accumulating and staking, rather than holding passively.

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