Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply
Analysis
Price Impact
MedBitmine's increased eth holdings and staking demonstrate confidence in ethereum's long-term value and utility, potentially influencing investor sentiment. however, the direct impact on eth price may be moderate as it's a significant holder, not a market mover on its own.
Trustworthiness
HighPrice Direction
BullishThe news highlights increased institutional accumulation and staking of eth, signaling strong conviction. furthermore, the mention of robinhood chain's success on ethereum's l2s suggests growing utility and adoption, which are bullish fundamental factors for eth.
Time Effect
LongThe increase in holdings and the growing utility of ethereum's l2 ecosystem are factors that tend to influence price over a longer period, rather than causing an immediate spike.
Original Article:
Article Content:
Markets Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply The company expanded its ETH treasury while Chairman Tom Lee pointed to Robinhood Chain's rapid growth on Ethereum. By Helene Braun | Edited by Stephen Alpher Jul 13, 2026, 2:04 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show BitMine increased its Ethereum treasury to 5.77 million ETH, or 4.8% of the token's circulating supply. Nearly five million ETH are staked, with the company also holding bitcoin, cash and equity investments. Tom Lee said Robinhood Chain's early trading activity highlights Ethereum's growing utility. BitMine Immersion (BMNR) added to its Ethereum treasury last week, bringing its total holdings to 5.77 million ether (ETH), or about 4.8% of Ethereum's circulating supply of 120.7 million tokens, according to a Monday press release . The company said nearly five million of its ETH holdings are staked, allowing it to earn staking rewards while maintaining one of the largest corporate Ethereum treasuries. Beyond ether, BitMine's balance sheet includes 206 bitcoin BTC $ 62,299.47 , a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (ORBS) and about $482 million in cash and marketable securities. Chairman Tom Lee pointed to growing activity on Ethereum's layer-2 networks as a key reason for the company's continued focus on ETH. "One of the biggest crypto success stories in 2026 is the breakaway success of the Robinhood Chain L2 mainnet on July 1, built on Arbitrum," Lee said in the release. "Already, dollar volumes have exceeded $1 billion, and Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the outstanding utility and product market fit for Ethereum, which is the underlying chain." Robinhood Chain is a layer-2 network built with Arbitrum (ARB) technology that processes transactions off Ethereum before settling them on the main blockchain. The design aims to lower costs and increase transaction capacity while relying on Ethereum for security. BMNR is down 3% Monday as ETH slips 2% over the past 24 hours to $1,769. Ethereum News Related Assets Bitcoin $ 62,299.47 2.90 % Latest Crypto News 1 Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity 19 minutes ago 2 Robinhood Chain surges into top five by DEX volume: Bernstein 1 hour ago 3 Michael Saylor’s Strategy added $467 million in cash, made no changes to bitcoin holdings 1 hour ago 4 SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance 2 hours ago 5 BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley join UK government's tokenization taskforce 2 hours ago 6 Resurgent U.S.-Iran hostilities send bitcoin lower even as ETF flows show demand 2 hours ago 7 Profit-taking, MidEast hostilities drag crypto lower after bullish week 3 hours ago 8 Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections 4 hours ago 9 U.S. inflation, second-quarter earnings reports: Crypto Week Ahead 5 hours ago 10 Live markets: Bitcoin slips below $63,000 as Korea's Kospi plunges 9% overnight 7 hours ago Latest Research Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. By CoinDesk Research 3 hours ago CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. Why it matters : CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. View Full Report More From Markets Michael Saylor’s Strategy added $467 million in cash, made no changes to bitcoin holdings Profit-taking, MidEast hostilities drag crypto lower after bullish week Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections More From Bitcoin Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity Robinhood Chain surges into top five by DEX volume: Bernstein Michael Saylor’s Strategy added $467 million in cash, made no changes to bitcoin holdings