Overview
- Chairman Tom Lee, speaking Thursday at Consensus 2026 in Miami, said BitMine may ease its weekly Ethereum purchases as its 5% supply goal comes within about six weeks at a pace of roughly 100,000 ETH.
- The firm reports 5.18 million ETH on its balance sheet, equal to about 4.29% of the 120.7 million circulating supply and valued near $11.9 billion at recent prices.
- About 85% of those holdings are staked, which earns on‑chain rewards that Lee put near $297 million to more than $300 million a year, or roughly $1 million a day.
- Management is weighing a $4 billion stock repurchase plan plus further growth of MAVAN, its institutional staking platform launched in March that manages about $14 billion in digital assets.
- Markets softened after the remarks Thursday, with BMNR shares down nearly 4% and ETH trading around $2,300, off roughly 2% on the day.