Bitmine Immersion Technologies, chaired by Tom Lee, has acquired an additional 15,112 ETH, bringing its total holdings to approximately 6.02 million coins. The company has been executing weekly purchases since launching its treasury program on June 30, 2025.
As of the week ending September 27, 2026, the firm held 6,001,302 ETH, representing 4.9% of the circulating supply of 122.1 million ETH. The company aims to reach a 5% ownership threshold, a target it refers to as the Alchemy of 5%.
The firm values its Ethereum holdings at $16.2 billion, based on a reference price of $2,698 per coin. Total assets are estimated at $17.2 billion, which includes stakes in Beast Industries valued at $180 million and Eightco Holdings at $115 million.
Approximately 5.067 million ETH, or 84% of the company's holdings, are staked via the MAVAN platform. With a staking yield of 2.62%, Bitmine projects annual rewards of $358 million. Tom Lee anticipates increased institutional inflows into Ethereum in the fourth quarter of 2026.
