--- title: "Bitmine Loads Up Millions to Its Ether Stash as Tom Lee Bets on the Clarity Act" type: "News" locale: "en" url: "https://longbridge.com/en/news/291816703.md" description: "Bitmine Immersion added 42,197 ETH ($74M) to its treasury, holding 5.74 million tokens (4.8% of supply). Chairman Tom Lee attributes Ethereum's strength to optimism over the US Clarity Act and mainstream adoption. Unlike Strategy, Bitmine accumulates assets while staking them for revenue. TipRanks AI rates the stock Neutral due to weak financials despite a strong balance sheet." datetime: "2026-07-06T14:04:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291816703.md) - [en](https://longbridge.com/en/news/291816703.md) - [zh-HK](https://longbridge.com/zh-HK/news/291816703.md) --- # Bitmine Loads Up Millions to Its Ether Stash as Tom Lee Bets on the Clarity Act Bitmine Immersion (BMNR) is continuing its push to become the world's largest corporate owner of Ethereum. The company just announced it added 42,197 Ether (**ETH-USD**) to its treasury last week, worth about $74 million. This latest acquisition brings the company's total holdings to 5.74 million tokens. This amount represents roughly 4.8% of all Ether in circulation, putting the firm within striking distance of its stated goal to control 5% of the total supply. ### 4th of July Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. ## **Bitmine Takes a Different Path to Strategy** This aggressive buying stands in stark contrast to recent moves at Strategy (MSTR). While Bitmine is busy accumulating more assets, Strategy recently sold a portion of its Bitcoin reserves to generate cash for dividend payments. These different strategies have caught the attention of market watchers, especially as Ethereum showed strength against Bitcoin over the past week. Even though the crypto market has had a rough run since last August, the recent activity suggests that some investors are starting to favor Ethereum's potential for real-world utility. ## **Tom Lee Bets on the Clarity Act** Bitmine chairman Tom Lee believes the recent strength in Ether is no accident. He points to rising optimism surrounding the potential passage of the Clarity Act in the United States. Prediction markets now suggest there is a 50% chance the bill becomes law, which would be the highest probability seen in weeks. "Investors have become more optimistic about the passage of the Clarity Act," Lee explained. He sees this legislation as a vital step forward. According to Lee, regulatory clarity will allow crypto, and especially smart contract platforms like Ethereum, to become a standard part of everyday financial life. He pointed to companies like Shopify (SHOP) and Visa (V) using layer-2 networks to process payments as evidence that this technology is already moving into the mainstream. ## **Bitmine Stakes ETH for Recurring Revenue** Bitmine has staked over 4.8 million of its Ether through its own infrastructure platform, MAVAN. This allows the firm to earn steady staking income, creating a recurring revenue stream that supports its treasury strategy. With nearly $11.1 billion in total holdings including cash and investments, Bitmine is betting that Ethereum's role as a neutral, global network will only grow. As the firm inches closer to its "Alchemy of 5%" target, it remains clear that Lee and his team are focused on the long-term utility of the Ethereum network. ## **Is Bitmine Stock a Good Buy?** Wall Street analysts currently do not have ratings for this stock. However, TipRanks' AI analyst gives it a Neutral rating with a score of 57. The AI analyst says the score is lower because of weak financial results, including large losses and negative cash flow, as well as high risk from price swings. On the other hand, the AI analyst points to the firm's stable balance sheet and positive news like its growing Ethereum treasury and staking platform as things that support the stock. ### Related Stocks - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETHV.US](https://longbridge.com/en/quote/ETHV.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [BMNU.US](https://longbridge.com/en/quote/BMNU.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [BMNG.US](https://longbridge.com/en/quote/BMNG.US.md) - [ETHB.US](https://longbridge.com/en/quote/ETHB.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [EETH.US](https://longbridge.com/en/quote/EETH.US.md) - [ETH.US](https://longbridge.com/en/quote/ETH.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BMNZ.US](https://longbridge.com/en/quote/BMNZ.US.md) - [YBMN.US](https://longbridge.com/en/quote/YBMN.US.md) - [ETHT.US](https://longbridge.com/en/quote/ETHT.US.md) - [ETHU.US](https://longbridge.com/en/quote/ETHU.US.md) - [ETU.US](https://longbridge.com/en/quote/ETU.US.md) - [ETHD.US](https://longbridge.com/en/quote/ETHD.US.md) - [ETQ.US](https://longbridge.com/en/quote/ETQ.US.md) - [SETH.US](https://longbridge.com/en/quote/SETH.US.md) - [YETH.US](https://longbridge.com/en/quote/YETH.US.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [SHOP.US](https://longbridge.com/en/quote/SHOP.US.md) - [V.US](https://longbridge.com/en/quote/V.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) ## Related News & Research - [BitMine Expands Ethereum Treasury Amid Aggressive Share Buybacks](https://longbridge.com/en/news/295414316.md) - [Bitmine Buys 7,391 ETH for $14.3 Million, BMNR Down 2%: What's Going On?](https://longbridge.com/en/news/295422739.md) - [Goldman Sachs Gains Bitcoin, Ethereum ETFs in $2.25B Deal: Could It 'Leapfrog' BlackRock?](https://longbridge.com/en/news/295710704.md) - [SBET: Revenue soared but net loss deepened on unrealized ETH losses; major ecosystem investments launched](https://longbridge.com/en/news/295401645.md) - [Forum Markets Q2 revenue falls on digital asset exit](https://longbridge.com/en/news/295797220.md)