Tom Lee'S Bitmine $ETH Holdings Has Crossed 5m

Tom Lee (@fundstrat) announced that @BitMNR's $ETH holdings have crossed the 5 million mark — a milestone Lee called "astonishing," noting it took only 10 months to reach. As of April 26, 2026, the firm holds 5,078,386 $ETH, representing approximately 4.21% of Ethereum's total circulating supply of 120.7 million tokens. Bitmine's total crypto, cash, and "moonshot" holdings now stand at $13.3 billion, with $ETH priced at $2,369 per token at the time of reporting.

A Methodical Accumulation Play

The latest weekly purchase of over 101,000 $ETH continues a pattern of accelerating buying. @BitMNR has scaled its acquisition pace for four consecutive weeks, more than doubling its prior weekly average of 45,000–50,000 tokens. At roughly $2,263 per token, purchases at this scale represent a material withdrawal from available spot liquidity — compressing the effective float, particularly as approximately two-thirds of the firm's stack is locked in staking.

As of April 26, Bitmine has 3,701,589 $ETH staked, with Lee stating the firm has staked more $ETH than any other entity in the world. Annualised staking revenues stand at $264 million, with @BitMNR's own staking operations generating a seven-day yield of 3.033% — marginally above the Composite Ethereum Staking Rate of 3.028%.

The Bull Case and the Broader Picture

@BitMNR Chairman Tom Lee has said he sees growing signs that the crypto "mini-winter" is ending. He points to $ETH's sharp rebound from its early February lows and its outperformance of equities since the start of the Iran conflict on February 28, supported by demand tied to tokenisation and AI-related use cases. Lee also argues that Ethereum benefits from dual tailwinds: Wall Street tokenising assets on the blockchain and agentic AI systems increasingly requiring public, neutral infrastructure.

@BitMNR currently ranks as the number-one Ethereum treasury and the second-largest global crypto treasury, behind Strategy Inc. ($MSTR), which reportedly holds 780,897 $BTC valued at $58.2 billion. The company was uplisted from NYSE American to the New York Stock Exchange on April 9, raising its institutional profile considerably.

Sources:
Bitmine press release — ETH holdings reach 5.078 million tokens (PRNewswire, April 27, 2026)
Bitmine buys 101,627 Ether, its largest weekly haul of 2026 (CoinDesk)

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