bitmine

A fresh wave of corporate buying has pushed Ethereum deeper into institutional territory. On February 17, 2026, Bitmine Immersion Technologies revealed it had added 45,759 ETH to its balance sheet in just one week, committing roughly $91 million at prices just below $2,000.

Key Takeaways
Bitmine Immersion Technologies bought 45,759 ETH for $91M.Total holdings now at 4.37M ETH - about 3.62% of supply.69% of ETH is staked, generating ~ $176M annualized.
The purchase may look tactical, but it fits into something much larger. Under the leadership of chairman Tom Lee, the firm is pursuing an unusually bold objective: accumulating 5% of Ethereum’s entire circulating supply. Internally, the initiative has been branded the “Alchemy of 5%,” signaling a long-term capital allocation thesis rather than a short-term trade.
From Miner to Ethereum Powerhouse
With the latest addition, Bitmine’s Ethereum reserves now stand at 4,371,497 ETH. At current valuations, that position - combined with cash and other digital assets - places the company’s treasury near $9.6 billion.
More importantly, the firm now controls about 3.62% of all circulating ETH. In practical terms, that transforms Bitmine from a passive holder into a structural participant in Ethereum’s economic layer.
Unlike many corporate treasuries that simply hold crypto exposure, Bitmine is actively deploying capital. Roughly 69% of its ETH - about 3.04 million coins - is staked. At prevailing network yields, that stake is estimated to generate around $176 million in annualized revenue, effectively turning Ethereum into a productive balance sheet asset rather than dormant inventory.
Building Its Own Validator Network
The strategy does not stop at staking through third parties. The company is preparing to roll out its own infrastructure, the Made-in-America Validator Network (MAVAN), scheduled for launch in the first quarter of 2026.
The move suggests Bitmine wants tighter operational control and potentially higher yields. Running proprietary validator infrastructure can reduce reliance on external providers while strengthening positioning within the Ethereum ecosystem.
Betting on Structural Tailwinds
Lee has described the current crypto environment as a temporary cooling phase - a “mini winter” - but not a breakdown in fundamentals. His thesis rests on three long-term shifts.
First, institutional players are accelerating tokenization initiatives, many of which are being built on Ethereum’s base layer and scaling networks.
Second, AI systems are increasingly interacting with blockchain rails for payments, verification, and automated coordination.
Third, digital identity and “proof of human” standards are expanding across Ethereum Layer 2 environments, reinforcing network usage beyond speculation.
Taken together, these trends form the backbone of Bitmine’s conviction that ETH’s long-term utility will outweigh interim volatility.
Closing In on 5%
With 3.62% of supply already secured, the company is more than halfway toward its 5% ambition. If achieved, that concentration would mark one of the most assertive corporate accumulation strategies in crypto markets to date.
While price cycles continue to test investor patience, Bitmine’s approach signals something different: a shift from opportunistic exposure to strategic ownership within Ethereum’s core economic infrastructure.
#Bitmine

🍿 發生了什麼事？
哇塞！雖然現在才二月，但這些大公司的購物車怎麼比雙十一還滿啊？🛒 根據最新消息，好幾家上市公司都在瘋狂「進貨 $BTC $ETH 」：
比特幣大戶 Strategy：又不聲不響買了 2,486 枚 BTC ！他們家庫存已經堆到 71 萬枚 了，看來真的要開銀行了😂DDC (做料理那家)：這已經是他們連續第六週買 BTC了！雖然只買了 80 枚，但累積起來也有 2,000 多枚啦，看來做菜跟囤幣一樣要有耐心～Bitmine 更是誇張：他們主攻 ETH，光上週就掃了 4.5 萬枚！現在手裡握著全網 3.62% 的以太坊，這佔比也太嚇人了吧🤯Hyperscale Data：也在默默累積，目標是湊到 1 億美元的 BTC 資產呢
🌸 Hana 的碎碎念
欸，Hana 真的看呆了！👀 那個 Bitmine，持有全網 3% 以上的以太坊是什麼概念啊？簡直就是地主等級了嘛✨ 還有 Strategy 平均成本居然是 7 萬多美元，看來大佬們對後市真的很有信心呢～
🗨️ 大家都在吵什麼？
✦「Bitmine 買這麼多 ETH，這是要轉型當驗證節點老大嗎？」
✦「跟著機構買，別下車！」
✦「大佬吃肉，我們喝湯，HODL 就對了！」
合約可以不做，瓜不能不吃！跟著 Hana 一起繼續吃瓜吧～
#企業財庫 #CryptoNews #whalealerts #DDC #Bitmine

$2,090 的以太坊，满屏都是“亡灵序曲”，是不是很多人已经割肉离场，或者还在等 $1,500 的“极限低点”？
就在前天，2月9号，当市场恐慌情绪达到顶点的时候，BitMine（BMNR）直接出手了。他们的执行主席 Tom Lee 没有在推特上打嘴炮，而是真金白银砸了 8400 万美金，一口气吃进了 40,000 枚 $ETH。

这事儿很有意思。大家平时看 Tom Lee，大多是因为他是 Fundstrat 的那个“死多头”分析师，总是在喊涨。但这次不一样，这次他是以 BitMine 操盘手的身份，拿公司的钱在赌国运。
很多人还没反应过来这背后的逻辑。现在的 $ETH 距离 2025 年 8 月的高点也就是近 5000 刀的位置，已经跌去了 57%。在韭菜眼里，这是“深不见底”；但在机构眼里，这就是所谓的“黄金坑”。
Tom Lee 抛出了一个很有意思的概念——“5% 炼金术”（Alchemy of 5%）。BitMine 的目标是持有以太坊总流通量的 5%。这一波买完，他们手里的货已经占到了流通量的 3.58% 左右。甚至他们还把 67% 的币拿去质押，光是质押产生的年化收入预计就有 2 亿美金。发现没有？巨鲸根本不在乎短期的账面浮亏，人家看重的是现金流和筹码集中度。
对于这波暴跌，Tom Lee 的判断非常直接：V 型反转。他列了个数据，说 2018 年以来以太坊经历过 8 次腰斩级别的下跌，每一次最后都涨回去了。他认为现在的价格完全没反应出链上的活跃度——每天 250 万笔交易，100 万活跃地址，这基本面比以前强硬得多。
这里有个很残酷的现实：散户总想买在绝对底部，结果往往是跌的时候不敢买，涨起来了又去追高。而像 BitMine 这种资金，他们在 $2,000 进场，不是因为确定这里是底，而是因为这里的盈亏比（PnL Ratio）已经足够诱人。
所谓“有吸引力的入场点”，不是说买了立马涨，而是说在这个位置输面很小，赢面极大。Tom Lee 这波操作，与其说是预测，不如说是他在利用市场的“过度清算”来捡带血的筹码。
别再盯着那几根红色的 K 线发抖了。如果 2026 年真如他所言走出 V 反，现在拿着 $ETH 的人是在抄底，还是在给未来接盘？
市场已经给出了信号，敢不敢跟，看你自己的判断。这波 $8400 万的单子，你觉得是 Tom Lee 疯了，还是市场错判了？评论区聊聊。
#Bitmine