Bitmine Immersion Buys 44,000 ETH for $130M, Targeting 5% of Ethereum Supply by 2026

On 29 December 2025, Tom Lee-backed Bitmine Immersion Technologies quietly added about 44,000 ETH for roughly $130 million, lifting its total Ethereum position above four million tokens. The firm has already staked a large share of its holdings and plans to expand validator operations through the MAVAN network in 2026, aligning its treasury strategy with long-term yield and network participation rather than short-term trading.