BitMine (BMNR)
World\
Led by Tom Lee
Wall Street legend and Fundstrat co-founder joined as Chairman in June 2025. Target: accumulate 5% of total ETH supply (~6 million ETH).
What is BitMine?
BitMine Immersion Technologies (NYSE: BMNR) is the world\
Stock Ticker
BMNR
NYSE
Founded
2018
ETH Pivot: 2024
Chairman
Tom Lee
Since June 2025
The 5% Strategy: Cornering Ethereum Supply
BitMine\
"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
Ethereum Holdings Breakdown
Current Holdings
Staking Statistics
Putting It In Perspective
Larger than
Ethereum Foundation
Owns
3.48% of all ETH
Passive Income
$374M/year
Institutional Backers
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
Company Timeline
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
Why Ethereum? BitMine\
World Computer
Ethereum is the global decentralized computing platform powering DeFi, NFTs, and Web3
Deflationary Asset
Since The Merge, ETH burns more than it mints - supply is shrinking over time
Staking Yield
4-5% native yield from securing the network through proof-of-stake
Network Effects
Most developers, dApps, and TVL in crypto - dominant smart contract platform
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Frequently Asked Questions
How much Ethereum does BitMine own?
As of January 2026, BitMine holds approximately 4.2 million ETH worth around $14.5 billion, representing 3.48% of total ETH supply.
Who is Tom Lee?
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.
What is BitMine\
BitMine aims to accumulate 5% of total ETH supply, approximately 6.04 million ETH, making them the world\
What is MAVAN?
MAVAN (Multi-Asset Validator Network) is BitMine\
Can I buy Ethereum like BitMine does?
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