The company Bitmine made the largest Ethereum purchase in 2026 amid Tom Lee’s supercycle predictions
The company Bitmine Immersion Technologies is actively increasing its Ethereum holdings. Over the past week, the firm bought an additional 111,942 ETH, which is the company’s largest purchase in 2026. The reason for the new acquisitions was the recent drop of Ethereum below $2,200.
Bitmine CEO Tom Lee believes the market has provided a good entry point. Over the past week, ETH traded in the range of $2,025 to $2,147.
Lee remains confident that the crypto market is heading toward a new supercycle. In his opinion, the growth of Ethereum will be driven by Wall Street’s interest in asset tokenization and the rapid development of AI agents.
“We still expect a supercycle for the crypto market and Ethereum thanks to two key factors: tokenization from Wall Street and the development of autonomous AI agents. That’s why we are gradually increasing our ETH position, and now Bitmine owns nearly 5.4 million ETH,” Lee said.
At the beginning of the month, Bitmine slightly slowed its purchases after buying more than 100,000 ETH weekly for three consecutive weeks.
The company is now considered the largest corporate holder of Ethereum. Bitmine continues to buy cryptocurrency even during market dips, following a model similar to Michael Saylor’s bitcoin strategy.
Bitmine’s goal is to accumulate 5% of the total Ethereum supply. Currently, about 120.7 million ETH are in circulation. To reach the goal and surpass the 6 million ETH mark, the company needs to buy about 644,596 coins more. According to Lee, this could happen this year.
Ethereum Companies Are Increasingly Betting on Staking
According to Bitmine Immersion Technologies, it has already staked Ethereum worth more than $4.7 billion. Bitmine expects this to generate about $276 million in annual yield.
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Staking infrastructure provider Everstake reported Tuesday that Ethereum companies are now under pressure and forced to look for additional sources of income through staking and other profit strategies.
According to Everstake, interest in public companies that simply hold cryptocurrency on their balance sheet is gradually declining. Investors are increasingly preferring spot crypto ETFs.
Meanwhile, in the Ethereum ecosystem itself, the amount of staked coins continues to set new records. According to Ethereum Validator Queue, more than 39.2 million ETH are currently staked, which is about 32.19% of the total supply.
In addition, about 3.3 million ETH are waiting in line to be connected to validators. At the same time, about 234,368 ETH are in the withdrawal queue.
More than 39.2 million ETH are currently staked. Source: Ethereum Validator Queue.
Ethereum reached an all-time high of $4,946 in August 2025, but since then the price has fallen by more than 58%. Previously, Tom Lee stated that such deep corrections in ETH could be a good buying opportunity.
