Wall Street legend and Fundstrat co-founder joined as Chairman in June 2025. Target: accumulate 5% of total ETH supply (~6 million ETH).
BitMine Immersion Technologies (NYSE: BMNR) is the world's first and largest Ethereum Treasury Company. Originally founded as a Bitcoin mining operation in 2018, the company pivoted to accumulating ETH in 2024 under the leadership of Wall Street legend Tom Lee. BitMine now holds over 4.2 million ETH, representing approximately 3.48% of Ethereum's total supply.
BMNR
NYSE
2018
ETH Pivot: 2024
Tom Lee
Since June 2025
BitMine's audacious goal is to accumulate 5% of Ethereum's total supply - approximately 6.04 million ETH. This would make them the single largest ETH holder in the world, giving them significant influence over the network and positioning them as the definitive "Ethereum Standard" for institutional investors.
"Ethereum is the operating system of the decentralized economy. Owning 5% of ETH is like owning 5% of the internet in 1995."
— Tom Lee, Chairman of BitMine
Larger than
Ethereum Foundation
Owns
3.48% of all ETH
Passive Income
$374M/year
Cathie Wood
Innovation-focused investment firm
Peter Thiel
Venture capital firm
Dan Morehead
First US Bitcoin fund
Mike Novogratz
Crypto financial services
Jesse Powell
Major crypto exchange
BitMine Immersion Technologies founded as Bitcoin mining company
IPO on NYSE under ticker BMNR
Strategic pivot from BTC mining to ETH accumulation announced
Tom Lee joins as Chairman of the Board
First major ETH purchase: 500,000 ETH
Holdings reach 4.2M ETH (~$14.5 billion), 3.48% of supply
Ethereum is the global decentralized computing platform powering DeFi, NFTs, and Web3
Since The Merge, ETH burns more than it mints - supply is shrinking over time
4-5% native yield from securing the network through proof-of-stake
Most developers, dApps, and TVL in crypto - dominant smart contract platform
Start building your own Ethereum treasury with exclusive discounts on top exchanges:
As of January 2026, BitMine holds approximately 4.2 million ETH worth around $14.5 billion, representing 3.48% of total ETH supply.
Tom Lee is the Chairman of BitMine and co-founder of Fundstrat Global Advisors. He was formerly Chief US Equity Strategist at JP Morgan and is known for accurate crypto price predictions.
BitMine aims to accumulate 5% of total ETH supply, approximately 6.04 million ETH, making them the world's largest ETH holder.
MAVAN (Multi-Asset Validator Network) is BitMine's institutional-grade staking infrastructure, managing their staked ETH with 99.99% uptime and MEV optimization.
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