---
title: "Tom Lee Backs Ethereum Supercycle as Bitmine ETH Holdings Reach 5.39M"
url: https://thecoingazette.com/tom-lee-backs-ethereum-supercycle-as-bitmine-eth-holdings-reach-5-39m/
date: 2026-05-26
modified: 2026-05-26
lang: en
author: "Coin Gazette Editorial"
description: "Bitmine said its crypto, cash, and strategic holdings now total $12.3 billion, led by 5.39 million ether tokens. The company is also expanding its staking strategy through MAVAN, its institutional..."
categories:
  - "Crypto News"
tags:
  - "bitmine"
  - "Crypto News"
  - "Ethereum (ETH)"
  - "Tom Lee"
image: https://thecoingazette.com/wp-content/uploads/2026/05/tom-lee-backs-ethereum-supercycle-as-bitmine-eth-holdings-reach-5-39m.png
word_count: 56
---

# Tom Lee Backs Ethereum Supercycle as Bitmine ETH Holdings Reach 5.39M

![](https://static.news.bitcoin.com/wp-content/uploads/2026/05/tom-lee-backs-ethereum-supercycle-as-bitmine-eth-holdings-reach-5_39m_nwmk-768x432.png)Bitmine said its crypto, cash, and strategic holdings now total $12.3 billion, led by 5.39 million ether tokens. The company is also expanding its staking strategy through MAVAN, its institutional ethereum validator network. BitMine Controls 4.47% of Ethereum Supply With $12.3B Asset Base Bitmine Immersion Technologies disclosed that its total crypto, cash and “moonshot” holdings […]