BitMine Immersion Technologies (BMNR) shares climbed to $31.21 in Tuesday’s session, holding steady as the company officially crossed the historic 4 million ETH milestone. Helmed by Fundstrat’s Tom Lee, the firm has solidified its position as the world’s largest corporate Ethereum treasury, now controlling 3.37% of the total supply. Tom Lee said: “We are making rapid progress towards the ‘alchemy of 5%’ and we are already seeing the synergies borne from our substantial ETH holdings.”
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With over $12.2 billion in Ether now sitting in its vault, BitMine is aggressively executing its “Alchemy of 5%” target. This is a strategic play designed to create structural scarcity and position the company as the primary institutional bridge to the blockchain.
Tom Lee Sprints Past the Four Million Token Milestone
While broader markets remain cautious, BitMine’s chairman has maintained a high “velocity of accumulation,” deploying $40 million in the latest round of purchases. This newest acquisition of 13,412 ETH takes the company’s total haul over the past week to nearly 100,000 tokens, achieving a goal Lee described as a “tremendous milestone” reached in just under six months.
By maintaining an average purchase price of $2,991 per ETH, the firm has successfully moved its massive treasury back into the green, leveraging the recent recovery in crypto prices to bolster its net asset value.
MAVAN Staking Network Prepares to Unlock Yield in 2026
The next phase of the BitMine evolution centers on the “Made in America Validator Network” (MAVAN). Set for deployment in early 2026, this staking infrastructure is designed to transform the firm’s passive treasury into a high-margin revenue stream.
Analysts suggest that by converting idle tokens into active validators, BitMine could catapult into the ranks of the most profitable publicly traded firms in the U.S. This shift from simple holding to active network participation is intended to provide the fundamental earnings needed to support a triple-digit stock price in the long term.
Key Takeaway
The bottom line is that BitMine is transforming into a foundational piece of the global financial OS. By hoarding over 3% of the supply and preparing a secure, American-made staking solution, Tom Lee is betting that institutional demand for yield will eventually drive a supply squeeze. If the MAVAN launch stays on schedule for Q1 2026, the current $31 share price may look like a significant discount compared to the $47 analyst target.
Is BitMine a Good Stock to Buy Now?
BitMine Immersion Technologies (BMNR) is currently maintaining a Moderate Buy consensus rating based on a limited analyst pool. According to the latest data, there is currently only 1 Wall Street analyst offering a 12-month price target for the company within the last three months. This lone rating is a Buy, with no analysts currently suggesting a Hold or Sell position.
The average 12-month price target for BitMine Immersion Technologies is currently set at a flat $47.00. This represents a potential 51.2% upside from the stock’s last recorded price.
