What is BitMine Immersion Technologies doing with its Ethereum?

BitMine's stacking ETH (now 4.87M tokens, 4% of supply), staking most for yields, and building MAVAN—a U.S. validator network projecting $300M annual rewards.

Is Tom Lee's ETH prediction accurate?

Lee calls it the end of a 'mini-crypto winter'—plausible with on-chain revival, but shares down 63% show market doubt.

Will BitMine hit 5% of ETH supply?

They're 80% there after weeks of $150M buys; at this pace, yes—unless ETH moons first.

🔗 Crypto & Blockchain

[71K ETH Buy] Tom Lee’s BitMine Hits 4% of Supply

Tom Lee's BitMine just dropped $157 million on Ethereum, its biggest buy since December. With 4% of the supply in its vaults, it's staking for $300M in annual rewards—but is this bold alchemy or desperate accumulation?

Fintech Dose Apr 16, 2026 4 min read

Tom Lee announcing BitMine's massive Ethereum purchase on trading floor

⚡ Key Takeaways

BitMine bought 71,524 ETH ($157M), largest since Dec, now holding 4%+ of supply. 𝕏
Staking 3.3M ETH via MAVAN eyes $300M annual yields; uplisted to NYSE with $4B buyback. 𝕏
Echoes MicroStrategy's BTC strategy but with ETH staking flywheel—high reward, high risk. 𝕏

Written by

Da-eun Jang

Korean crypto reporter tracking Upbit, Bithumb, Korean retail trader behaviour, and the FSC's virtual asset rules.

#Bitmine Immersion #ETH staking #Ethereum buy #MAVAN network #Tom Lee

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Originally reported by Decrypt

⚡ Key Takeaways

The 60-Second TL;DR

Da-eun Jang

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