Bitmine, Tom Lee's crypto firm, accumulates $47M in ETH to reach 4.9% of Ethereum's total supply, with 84% staked for projected $358M annual rewards.
DeFi & Yields ·
Bitmine has accumulated 6,001,302 ETH worth approximately $16.2 billion, representing 4.9% of Ethereum's circulating supply, following a weekly purchase of 17,362 tokens valued at $47 million. The treasury firm, led by Tom Lee, has maintained a consistent acquisition schedule since June 30, 2025, and describes this milestone as 98% progress toward its stated "Alchemy of 5%" target achieved in 15 months.
Of Bitmine's holdings, 84% consisting of 5,067,309 ETH is staked through MAVAN, its institutional staking platform. At the current 7-day annualized yield of 2.62%, the company projects $358 million in annual staking rewards, with potential to reach $424 million if all tokens enter staking positions. Total Bitmine assets exceed $17.2 billion when including 213 BTC, cash reserves, and equity stakes in Beast Industries and Eightco.
It remains uncertain whether Bitmine will complete its 5% target and at what timeline, and the sustainability of projected staking yields under varying network conditions has not been addressed in available statements.