BitMine Acquires 40,302 ETH, Total Holdings Now 4.24M Tokens

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BitMine Immersion Technologies, led by Tom Lee, added 40,302 ETH to its holdings last week, bringing its total to about 4.243 million ETH, roughly 3.52% of all Ethereum. The company also staked over 2 million ETH and continues developing its MAVAN validator network to generate staking yield. Backed by institutional investors, BitMine aims to expand its Ethereum treasury further. The firm’s strategy reflects strong institutional interest in long‑term ETH exposure and staking infrastructure.