The company is closing in on its goal of owning 5% of Ethereum’s supply while expanding its staking operations and doubling down on ETH’s long term potential.
Bitmine Immersion Technologies continued its aggressive Ethereum accumulation strategy over the past week, purchasing another 30,567 ETH and increasing its total holdings to approximately 5.77 million coins.
The latest acquisition further strengthens Bitmine’s position as the world’s largest corporate holder of Ethereum.
The company has repeatedly stated its ambition to acquire 5% of Ethereum’s total circulating supply. Following the latest purchase, it now controls more than 4.8% of the network’s roughly 120.7 million ETH in circulation, bringing it even closer to that target.
Chairman Tom Lee remains optimistic about Ethereum’s future, pointing to two major forces driving long term demand. According to Lee, the continued tokenization of traditional financial assets and rising demand for blockchain infrastructure from artificial intelligence applications are creating strong tailwinds for the network.
He also believes upcoming regulatory developments, including the proposed CLARITY Act, could encourage greater institutional adoption of smart contract platforms.
Lee highlighted another major catalyst for Ethereum, the successful launch of Robinhood’s Layer 2 blockchain built on Arbitrum earlier this month.
He described the Robinhood Chain mainnet as one of the biggest crypto success stories of 2026, noting that transaction volumes have already surpassed $1 billion. According to Lee, the platform has generated more trading activity than any decentralized exchange, demonstrating strong demand for Ethereum based infrastructure.
Because Robinhood Chain uses ETH as its native gas token, every transaction fee is paid in Ethereum before being settled on the main network. Lee argued that this effectively introduces Robinhood’s 27 million users to using ETH as a form of money in everyday blockchain transactions.
Beyond accumulating Ethereum, Bitmine is also expanding its staking business. The company has already staked more than 4.9 million ETH through its institutional staking platform, MAVAN, making it one of the largest Ethereum validators in the world.
Based on its current holdings, Bitmine expects to generate approximately $235 million in annualized staking revenue. If it eventually stakes its entire Ethereum portfolio, that figure could increase to roughly $277 million per year.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
