bitmine

BitMine Immersion Technologies, led by **Tom Lee** 👨‍💼, has nearly hit its massive goal — **5.2 million ETH** (≈4.3% of total supply) 💎

**Key Highlights from Consensus 2026:** ✨

- 🎯 **Target in Sight**: At 100K ETH/week pace, they could reach **5%** in just **6 weeks**!
- 🛑 **Strategic Pivot**: Tom Lee says they’ll “take foot off the gas” ⏸️ → slower buying, more focus on **staking** + share buybacks
- 💰 **Revenue Beast**: 85% of ETH already staked → **$300M+ annualized** ($1M per day) 💸
- 📈 **Ultra Bullish**: Still predicts **$ETH ** to $22,000 – $62,000 🚀

**Big Picture**: The largest corporate ETH holder is shifting from pure accumulation to building infrastructure (MAVAN staking network) 🌐
#TomLeeonBitMineSlowingETHPurchases #Ethereum #ETH #Bitmine #CryptoNews #BinanceSquare
$BTC
$ETH

Tom Lee, chairman of BitMine Immersion Technologies, says the company may begin slowing its aggressive Ethereum buying strategy as it gets closer to owning 5% of ETH’s total supply.
HERE’S WHAT’S HAPPENING:
👉🏾BitMine has been purchasing around 100,000 ETH per week.
👉🏾The company now holds over 5.1 million $ETH .
👉🏾That stash is worth roughly $11.9B.
👉🏾BitMine already controls about 4.29% of Ethereum’s circulating supply.
Tom Lee said the firm could hit its 5% target in about 6 weeks, much faster than originally expected. Because of this, the company may redirect funds toward:
👉🏾ETH staking operations.
👉🏾AI-related investments.
👉🏾A newly announced $4B stock buyback program.
📊 Today’s notable numbers:
ETH price: around $2,290Weekly ETH purchases: 100K ETHETH holdings: 5.1M+ ETHTreasury value: about $11.9BEstimated annual staking revenue: $300M+
IN SHORT:
BitMine is still massively bullish on Ethereum, but Tom Lee says the company may slow down ETH accumulation as it approaches a dominant share of the network’s supply and expands into staking and AI businesses.
#TomLeeonBitMineSlowingETHPurchases #ETH #AI #Bitmine
$BTC
$BNB

As of early May 2026, the Ethereum Foundation (EF) continues its established pattern of periodically selling ETH from its treasury, a practice that frequently triggers intense monitoring and debate within the crypto community.
Key 2026 Activity
Total Sales: In the first four months of 2026 alone, the Foundation has sold approximately 20,000 ETH, raising over $45 million.Recent Transactions: In early May 2026, the EF executed multiple sales of 10,000 ETH (roughly $23 million each) to Bitmine Immersion Technologies through over-the-counter (OTC) deals.Treasury Strategy: These sales are driven by a, "disciplined Treasury Policy" adopted in June 2025, aimed at maintaining fiat-denominated reserves sufficient to cover roughly 2.5 years of operating expenses.Active Staking: Moving beyond just selling, the EF is now utilizing a portion of its holdings, having staked roughly 70,000 ETH to generate yield for operational costs.Remaining Holdings: Despite the sales, the foundation still holds a significant amount, including over 92,500 ETH in its liquid treasury and another 53,000 ETH staked.
Community and Market Reaction
Routine vs. Concern: While the EF maintains the sales are routine for funding protocol development, research, and grants, the timing often leads to market speculation.Market Impact: The sales have generally seen a muted, or even positive, reaction, as the use of OTC deals prevents massive, sudden price drops on public exchanges.Transparency: The EF's continued, transparent communication about its intentions and regular sales helps manage market expectations, although some developers and analysts have criticized the accelerating pace of the divestment in 2026.
The sales in 2026 are heavily focused on funding the ambitious "2026 Roadmap," which includes increasing the gas limit beyond 100 million, the Glamsterdam upgrade, and enhancing zkEVM technology.
#Bitmine #EthereumFoundationUnveils$1MAuditSubsidyProgram $ETH