The Tom Lee-chaired Bitmine Immersion Technologies continues with its Ethereum accumulation strategy, even though it has eased off the gas pedal compared to several weeks ago when it made multiple 100,000 ETH purchases.
In its latest announcement, it said it had added 42,197 ETH over the past week and now controls 4.8% of Ethereum’s circulating supply of 120.7 million tokens.
The latest treasury update published minutes ago indicated that the firm held 5,742,237 ETH as of July 5, valued at over $10 billion at prices of around $1,800. However, the token has slipped to $1,740 as of press time, meaning that the company’s unrealized losses are up to $9-$10 billion again.
In addition to its Ethereum fortune, Bitmine also holds 206 BTC, $527 million in cash and marketable securities, and strategic investments in Beast Industries and Eightco Holdings worth a total of $251 million.
Chairman Tom Lee continues to favor ETH over BTC, especially if the CLARITY Act passes in the United States, which many analysts believe will help the altcoin more. Additionally, he remains a firm believer in the upcoming ‘crypto spring’ as the bear market phase has almost been exhausted.
“Over the past week, we acquired 42,197 ETH, increasing our pace from the prior week. We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” stated Lee.
Bitmine remains the second-largest crypto accumulator, trailing only Strategy. However, the gap between the two has been slightly reduced over the past week as the Saylor-led company sold over 3,500 BTC.
The statement further stated that Bitmine continues to allocate a significant portion of its ETH holdings to staking to generate substantial revenue. It has already staked nearly 4.9 million tokens, or about 85% of its total holdings, through its own institutional platform, MAVAN.
Based on a current staking yield of 2.68%, the company projects annualized staking rewards of approximately $235 million. If it deploys all of its ETH fortune, then the numbers could rise to $277 million.
The post Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach appeared first on CryptoPotato.
小靓分析：
🦊 小靓解读
Bitmine 持续大额买入 ETH，持仓占比已达流通量的 4.8%，但近期买入节奏放缓，且当前 ETH 跌至 $1,740，其未实现亏损扩大至 $90-100 亿，显示机构吸筹动作背后仍面临浮亏压力。
📊 市场影响
短期看，巨鲸持续增持为 ETH 提供一定买盘支撑，但若价格跌破 $1,700 可能触发更多止损或持仓减值风险；中期需关注该机构是否因亏损压力减少买入，从而削弱市场信心。
💡 操作建议
建议观望为主，不盲目跟单巨鲸操作；若 ETH 在 $1,700-1,800 区间企稳可轻仓试多，但需设好止损以防抛压加剧。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。