Tom Lee’s Bitcoin closes with 5% Ethereum ownership target
TLDR
Bitmine now holds more than 4.7 million ETH, which represents 3.9% of the total supply of Ethereum. The company has reached about 80% of its goal of controlling 5% of the Ethereum supply. At a transaction of 2,076 ETH, Bitmine's Ethereum holdings are estimated at $9.8 billion. Bitmin added 3.1 million ETH through the MAVAN platform, generating an annual yield of $177 million. Despite the recent market volatility, the company continues to increase its Ethereum holdings.
Bitcoin has moved from its planned control of 5% of Ethereum's total supply to 80%. The company now holds more than 4.7 million ETH, which is equivalent to 3.9% of transit coins. With ETH trading at $2,076, the holdings are worth an estimated $9.8 billion.
Bitcoin Expands Ethereum Space to 5% Supply Target
Led by Fundstrat Global Advisors co-founder Thomas “Tom” Lee, Bitmine continues to grow Ethereum stocks. The company has received backing from ARK Cathy Wood, Peter Thiel Founders Fund and Pantera. Ethereum's balance now exceeds 4.7 million coins, which represents 3.9% of the network's supply. The company noted that weekly purchases are higher than previous collection prices.
Bitmin raised 3.1 million ETH on the MAVAN staking platform launched on March 25. The assets held generate an annual yield of 2.8%, which is approximately $177 million per year. The company has ensured that it holds stock even during market volatility. Last week, Ethereum fell amid a broader market downturn linked to geopolitical tensions.
Lee addressed recent price movements in a company statement. “Crypto assets, especially ETH, have held up well amid ongoing geopolitical tensions,” he said. Traditional stores of value such as gold have performed comparatively poorly, he said. He also noted that cryptos and stocks show an inverse relationship with the price of oil.
“Crypto and equities are increasingly inversely correlated with oil,” Lee said. He continued, “This makes sense because a rise in oil creates a headwind for equities and crypto. Lee added that the crypto winter could end with a major threat to oil prices. He sees Bitmine ETH as entering the final stages of a mini-crypto winter.”
Bitcoin and Equity Holdings Complementary Core Ethereum Strategy
Bitmin maintains exposure to Bitcoin alongside its Ethereum treasury strategy. The company holds 197 bitcoins as part of its digital asset portfolio. He also owns $102 million in shares of Eightco Holdings, ORBS. The firm also holds a $200 million stake in Beast Industries.
Ethereum is down about 30% year-to-date. The asset is on track to close the first quarter of 2026 in negative territory. However, during this period, corporate bodies and large wallets registered a net purchase activity. As prices fluctuate, Bitmine ETH continues to increase its position.
If the stockpile continues, it could reach a 5% supply level before mid-2026, the company said. The current holding puts Bitmine near 80% of its target. The firm confirmed that it will maintain its Ethereum-focused treasury strategy. At the time of reporting, Ethereum is trading at $2,076.
