Bitmine Scoops $237.68M In Ethereum, Bullish In Clarity Act’s Passage By 2026

• Bitmine continues to accumulate Ethereum, with Chairman Tom Lee bullish on the Clarity Act’s approval in 2026.
• The company’s latest purchase increases its total holdings to 5.18 million ETH, accounting for 4.29% of the tokens circulating supply.

Bitmine Immersion Technologies (BMNR) disclosed its latest Ethereum (ETH) purchase over the past week. On Monday, the digital asset treasury (DAT) company revealed that it had acquired 101,745 units of the token, valued at approximately $237.68 million at an average of $2,336 per ETH at the time of reporting.

Update on Bitmine’s Ethereum, Bitcoin, and Other Holdings

The procurement increases Bitmine’s total holdings to 5,180,131 ETH valued at roughly $12.1 billion. To date, it already controls 4.29% of the token’s nearly 120.69 million circulating supply. The amount notably puts the business closer to its goal of securing at least 5% of Ethereum’s total token supply under its “AlChemy of 5%” objective.

The figures add to Bitmine’s 200 Bitcoin (BTC) holdings, $200 million stake in Beast Industries, $83 million stake in Eightco Holdings (ORBS), and $700 million in cash reserves.

Bitmine’s Ethereum Staking

To optimize revenues, Bitmine complements its Ethereum accumulation with staking strategies. The company noted that it has staked 4,362,757 ETH, equivalent to $10.19 billion, and accounting for 84.22% of its Ether holdings.

The model raises Bitmine’s staking revenue to $297 million annually, up from its $264 million estimate last week. It has distributed the assets across several staking partners and its proprietary MAVAN (Made-in America VAlidator Network) staking infrastructure.

Bitmine projects boosting its annual staking revenue to $352 million with its current portfolio if it allocates its entire supply to the MAVAN platform.

Market Outlook

Tom Lee, chairman of Bitmine, is optimistic about the passage of the Clarity Act in 2026. Despite the setback to stablecoin yields after US Senate proponents agreed to restrict anything resembling bank deposits to appease traditional banks and depository institutions, he agreed that it’s a “largely acceptable” compromise. After all, the legislation still allows stablecoins to offer activity-based rewards.

On the other hand, regardless of whether the Clarity Act passes this year, Lee believes the market has entered a crypto spring. In this case, he claimed that Ethereum will continue to benefit from the dual tailwinds of the rapid adoption of real-world asset (RWA) tokenization and the emergence of agentic AI systems, given its public and neutral nature.

Furthermore, Lee highlighted that Ether will maintain its momentum as a store of value and unit of exchange.

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