Bitmine Adds 52,203 ETH; Tom Lee Says Best Years for Crypto

Bitmine Immersion Technologies reported it purchased 52,203 ether this week, increasing its ether treasury to 5.67 million ETH, roughly 4.7% of Ethereum’s estimated 120.7 million-token supply. The company said the holding places it about 94% of the way to its stated target of owning 5% of ether’s supply.

Bitmine valued its ether holdings at about $9.8 billion using an internal ETH price near $1,733. The firm reported total crypto assets, cash, marketable securities and strategic investments of $10.7 billion as of June 21, 2026. Those figures make Bitmine the largest corporate holder of ether and the second-largest corporate crypto treasury overall, behind a corporate bitcoin position valued at about $54 billion.

Most of Bitmine’s ether is staked. The company reported 4,718,677 ETH, more than 83% of its holdings, are earning staking rewards. Bitmine said its staking operations produced a seven-day yield of 2.73%, with annualized staking revenue projected at about $223 million and rising to roughly $268 million at scale through its MAVAN validator infrastructure.

Additional disclosed assets include 205 bitcoin, a $180 million stake in Beast Industries, a $104 million stake in Eightco Holdings, and $601 million in cash and marketable securities. Bitmine’s shares closed the last session at $16.14, up 2.8%.

Chairman Tom Lee commented on the company’s accumulation strategy and the broader market outlook, saying, “The best years for crypto remain ahead, in our view.” He added, “We are in the early stages of crypto spring,” and that tokenization and progress in artificial intelligence are expected to increase demand for blockchain and decentralized crypto.

Ether traded around $1,763 on Monday, about 64% below its all-time high of $4,946.05 set in August 2025. Bitmine’s reported figures use the company’s internal valuations and were provided as of June 21, 2026.

The company described the latest ETH additions as part of a steady accumulation pace maintained through 2026. The reported staking yield and revenue projections reflect current network conditions and Bitmine’s operating assumptions for its validator infrastructure.