Tom Lee promotes "Ethereum supercycle" as Bitmine reports 5,390,404 ETH holdings

Bitmine Immersion Technologies said its crypto, cash and strategic holdings total $12.3 billion, led by 5,390,404 ETH as of May 25. The company also reported 4,712,917 ETH staked via its MAVAN validator network, which Tom Lee said implies $276 million in annualized staking revenue at a 2.75% seven-day annualized yield.