Tom Lee's Bitmine boosts ETH holdings by 26,497 to 5,416,901 worth $10.85B

Bitmine Immersion Technologies added 26,497 ETH last week, taking its ethereum treasury to 5,416,901 coins valued at about $10.85 billion. The company says that total equals 4.49% of the 120.7 million ETH in circulation and keeps it on track for its 5% target in 2026. Bitmine also reported 4,718,677 ETH is staked via its MAVAN platform with a seven-day annualized yield of 2.73% and projected annualized staking revenue of $258 million.