Key HighlightsBitmine acquired 111,942 ETH in its most substantial 2026 transaction following a price decline under $2,200Total holdings now stand at 5.39 million ETH, valued at $12.3 billion across all assets, comprising 4.47% of Ethereum’s circulating tokensCompany Chairman Tom Lee forecasts an incoming crypto supercycle fueled by institutional tokenization and artificial intelligence agentsThrough its MAVAN staking platform, Bitmine has committed 87% of its ETH holdings, producing $276 million in yearly staking returnsApproximately 644,596 additional ETH tokens are required for Bitmine to achieve its target of controlling 5% of Ethereum’s available supplyBitmine Immersion Technologies executed its most significant Ethereum acquisition of 2026 during the previous week, securing 111,942 ETH as prices descended beneath the $2,200 threshold. Chairman Tom Lee characterized this market downturn as a “compelling entry point.”https://twitter.com/coinbureau/status/2059333749234679860?s=20Ethereum’s trading range fluctuated between $2,025 and $2,147 throughout the seven-day period. The cryptocurrency reached its peak valuation of $4,946 during August 2025 before experiencing a subsequent correction exceeding 58%.Bitmine’s current position includes 5,390,404 ETH, calculated at approximately $2,134 per token. Additionally, the firm maintains 203 Bitcoin alongside $444 million in liquid reserves, elevating its combined cryptocurrency, cash, and strategic portfolio to $12.3 billion.Pursuing the 5% Ownership Threshold[[LINK_START_0]]Bitmine’s[[LINK_END_0]] declared objective involves securing 5% of Ethereum’s 120.7 million circulating token supply. The company’s present accumulation accounts for 4.47% of this total, positioning it approximately 89% toward completion.Lee indicated the firm requires an additional 644,596 ETH to fulfill this ambition and anticipates reaching this milestone within 2026.The organization operates under a treasury strategy mirroring Michael Saylor’s Strategy model, which focuses on Bitcoin accumulation. Bitmine maintained a purchasing rhythm exceeding 100,000 ETH weekly for three consecutive weeks before moderating its acquisition velocity earlier this month.Lee persistently forecasts an emerging crypto supercycle, emphasizing Wall Street’s growing enthusiasm for tokenization initiatives and AI-driven autonomous agents as sustained demand catalysts for public blockchain networks such as Ethereum.MAVAN Staking InfrastructureBitmine has allocated 4,712,917 ETH—surpassing 87% of its portfolio—through its proprietary MAVAN platform, an acronym for Made in America Validator Network.The firm positions MAVAN as an enterprise-level staking solution. While initially developed for Bitmine’s internal treasury operations, management intends to expand platform access to institutional investors, custody providers, and blockchain ecosystem collaborators.Current annualized staking income totals $276 million, derived from a 2.75% seven-day yield calculation. Lee suggested this revenue stream could expand as additional ETH enters MAVAN and affiliated validator networks.Throughout the broader Ethereum ecosystem, over 39.2 million ETH currently participates in staking protocols, accounting for roughly 32.19% of aggregate supply.Staking infrastructure provider Everstake observed that treasury-focused corporations face mounting pressure to produce yields, as passive cryptocurrency holdings have diminished in appeal relative to spot exchange-traded funds.Beyond its Ethereum concentration, Bitmine maintains a $200 million investment in Beast Industries and a $95 million position in Eightco Holdings, providing secondary exposure to OpenAI.Bitmine transitioned its exchange listing to the New York Stock Exchange from NYSE American on April 9, 2026. Company shares recorded an average of $572 million in daily transaction volume across five trading sessions ending May 22, positioning it 193rd among 5,704 U.S.-listed equities.The post Why Tom Lee Is Wagering Billions on Ethereum’s Next Major Bull Run appeared first on Blockonomi.