Bitmine's Tom Lee: crypto bull market underway; company holds ~6M ETH, near 5% supply target

BITMINE IMMERSION TECHNOLOGIES, INC.

Bitmine accumulated 6 million ETH over 15 months, largely during a bear market, and needs about 100,000 more ETH to hit its 5% ETH-supply target.
Chairman Tom Lee says Bitcoin's Aug. 19, 2026 close above its 200-day moving average has flagged a bull market 8 of 9 times since 2012.
Bitmine completed the largest crypto buyback ever: 21 million shares for $350 million, begun July 14 and finished Aug. 17, 2026.
Series A preferred BMNP (9.56% yield) is up 24% from its $80 issue price while U.S. Treasuries fell 8%; Bitmine has outperformed ETH by over 50,000bp since inception.
MAVAN staking platform manages $2B of third-party crypto and earns about $1M per day; Bitmine also holds stakes in Eightco, Beast Industries and Ethereum Foundation spin-offs.

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