#BitmineAdds50,900ETHLastWeek

Bitmine Immersion Technologies, an Ethereum-focused treasury company led by Tom Lee, increased its Ethereum reserves to a record high last week by purchasing an additional 50,928 ETH! 🚀
The company made this purchase between February 23 and March 1, 2026, worth approximately $98.6 million - $103 million (at an ETH price range of ~$1,976 - $2,037). This is part of the company's aggressive "Alchemy of 5%" strategy (targeting 5% of the Ethereum supply) and has brought its reserves to 3.71% in 8 months. Current status (official announcements as of March 2-3, 2026):
Total Ethereum holdings: 4,473,587 ETH (approximately worth $8.8 - $9 billion)
Share in Ethereum supply: 3.71% (total supply ~120.7 million ETH)
Staked ETH: 3,040,483 ETH (approximately $6 billion, estimated annual staking revenue ~$172 million, 7-day yield 2.86%)
Other assets: 195 BTC, $868 million in cash, minority stakes in Beast Industries and Eightco ("moonshots")
Total crypto + cash + moonshots: Approximately $9.9 billion
This purchase continues the company's weekly ETH accumulation series, and Tom Lee sees the current "mini crypto winter" (geopolitical tensions and price drop) as an opportunity: "We find this pullback attractive as ETH's fundamental forces strengthen." Furthermore, the MAVAN staking solution is scheduled to launch in Q1 2026 – the goal is to achieve higher returns with its own validator network.