BitMine Buys 101,745 ETH, Extending Tom Lee’s Crypto Spring Run

BitMine Immersion Technologies, the Ethereum treasury company chaired by Thomas “Tom” Lee, bought 101,745 ETH during the last week, extending what multiple outlets describe as a run of weekly purchases above 100,000 tokens.

“Tom Lee says 'crypto spring' started as largest Ethereum treasury buys $238 million in ether Bitmine's latest ETH purchase comes as Lee cited progress on digital asset regulation CLARITY Act as a key catalyst for crypto markets”

@coindesk

Decrypt says the acquisition was for “más de $240 millones,” while Blockonomi and Moomoo both describe the deal as worth about $238 million at current prices.

@coindesk

Decrypt adds that the purchase followed prior weekly buys of 101,901 ETH and 101,627 ETH, and that the latest buy was “la primera la mayor adquisición de la firma hasta ahora en 2026.”

After the transaction, Decrypt reports BitMine had accumulated “más de 5,18 millones de ETH,” while Blockonomi and Moomoo put the total holdings at “more than 5.18 million ETH.”

The same Decrypt report says the company’s reserves are valued at $12.200 millones and that BitMine also owns “200 Bitcoin valuados en aproximadamente $16 millones” and “cuenta con $700 millones en efectivo disponible.”

Blockonomi similarly states Bitmine’s total crypto and cash holdings stand at $13.1 billion after the transaction, and it lists 200 Bitcoin worth about $79,935.77 each at the time of disclosure.

In a separate corporate disclosure, PR Newswire says Bitmine’s crypto holdings as of May 3, 2026 at 4:30pm ET were “comprised of 5,180,131 ETH at $2,336 per ETH,” plus “200 Bitcoin (BTC),” “total cash of $700 million,” and stakes including “$83 million stake in Eightco Holdings (NASDAQ: ORBS).”

Alongside the spot purchases, BitMine has been increasing its staking exposure, with outlets tying the company’s yield strategy to its broader “crypto spring” narrative.

Decrypt says BitMine “ha colocado en staking más de 4,36 millones de ETH, generando ingresos anuales por staking de aproximadamente $297 millones,” and it adds that the firm’s staking figure is “generando $297M anuales.”

Blockonomi

Blockonomi likewise reports that Bitmine “has pledged more than 4.36 million ETH into staking operations,” and it characterizes that figure as “over 84% of its total ETH holdings.”

Moomoo repeats that Bitmine pledged “over 4.36 million ETH — more than 84% of its holdings — to generate yield, earning about $297 million in annualized revenue,” and it describes the MAVAN staking platform as supporting “both internal operations and outside institutional demand.”

PR Newswire provides a specific staking count, stating that “Bitmine has 4,362,757 staked ETH, representing $10.2 billion at $2,336 per ETH,” and it describes MAVAN as “a premier Ethereum staking destination for BMNR and institutional investors.”

In the same PR Newswire release, Thomas “Tom” Lee links the “crypto spring” framing to regulatory developments, quoting: “The U.S. Senate released the CLARITY Act compromise text, and while it bans stablecoin yield on reserves, activity-based 'rewards' can be offered.”

Decrypt similarly quotes Lee saying, “La Primavera Cripto, en nuestra opinión, ha comenzado,” and it adds that Lee believes “la posible aprobación, o incluso el fracaso, de la Ley CLARITY confirma la llegada de la primavera cripto.”

The “crypto spring” thesis in these reports is repeatedly tied to the CLARITY Act compromise text and to prediction-market probabilities.

“BMNR Stock Gains as Tom Lee’s Bitmine Adds 101,745 ETH To Ethereum Treasury Highlights - Bitmine acquired 101,745 ETH last week, bring its total holdings to 5,180,131 ETH”

CoinGape

Decrypt says Lee pointed to “la posible aprobación, o incluso el fracaso, de la Ley CLARITY,” and it quotes him: “Creemos que la posible aprobación, o incluso el fracaso, de la Ley CLARITY confirma la llegada de la primavera cripto.”

Blockonomi and Moomoo both describe Lee referencing the Senate’s release of compromise text for the CLARITY Act, with Moomoo quoting Lee that “This compromise is largely acceptable to us, and we hope to see this bill passed in 2026.”

PR Newswire also quotes Lee on the same compromise, stating: “This compromise is largely acceptable to us, and we hope to see this bill passed in 2026,” and it adds that “The prediction markets (polymarket.com) now see >60% chance of passage in 2026.”

Multiple outlets specify the probability as “more than 60%” or “60%,” including Blockonomi, Moomoo, TradingView, and Invezz, which says “Prediction markets currently assign a 60% probability that the bill becomes law in 2026.”

TradingView likewise quotes Lee: “The US Senate released the CLARITY Act compromise text, and while it bans stablecoin yield on reserves, activity-based 'rewards' can be offered,” and it repeats that “Prediction markets currently assign a 60% probability that the bill becomes law in 2026.”

Invezz adds a market framing around the same catalyst, stating that “the ‘crypto spring’ narrative is getting reinforced by improving sentiment around the CLARITY Act compromise,” and it quotes Lee’s “Crypto Spring, in our view, has commenced” line.

Several reports describe how BitMine’s accumulation has included direct purchases from the Ethereum Foundation, including a sale of 10,000 ETH at a stated average price.

Decrypt says “El total de compras semanales incluye 10.000 ETH adquiridos directamente a la Fundación Ethereum en una venta extrabursátil anunciada el viernes a un precio promedio de $2.292 por token,” and it adds that it was “Fue la segunda compra semanal consecutiva de 10.000 ETH a la Fundación.”

Crypto Briefing

LesNews provides additional detail on the same transaction, stating that the Ethereum Foundation “announced on Friday that it had completed a sale of 10,000 ETH to BitMine Immersion Technologies” and that “This transaction was closed at an average price of $2,292 per ETH, bringing the total value of the transaction to about $22.9 million.”

LesNews also says the Foundation had “announced a separate sale of 10,000 ETH to the company at an average price of $2,387 per ETH” the previous Friday, and it reports that in March the Foundation sold “5,000 ETH at around $2,043 per ETH.”

LesNews further states that “The Foundation had also carried out a sale of 10,000 ETH to the competing company Sharplink last summer,” placing BitMine’s Foundation purchases in a broader pattern of ETH sales to multiple corporate counterparties.

In the same LesNews account, BitMine is described as facing an unrealized loss, with the site saying “BitMine faces an unrealized loss exceeding $6.3 billion due to price declines,” while Decrypt earlier put BitMine’s unrealized loss at “~$6.000 millones.”

Decrypt also ties the Foundation sales to Ethereum’s funding purpose, stating that “las ventas financiando las operaciones del respaldo de Ethereum, sus becas comunitarias y otras iniciativas.”

While the core story across outlets centers on BitMine’s large ETH purchases and Tom Lee’s “crypto spring” framing, the reports diverge on specific figures and on how they connect the buys to broader market moves.

“PUNTOS IMPORTANTES: - Tom Lee, cofundador de Fundstrat, respalda una tesis que proyecta a Ethereum hacia los 60”

Cryptonews.net

Invezz and TradingView both describe Ethereum rising toward $2,400 and link that move to Bitcoin’s action, with TradingView saying “Bitcoin breached the $80,000 threshold” and Invezz stating “Bitcoin broke above $80,000.”

Cryptonews.net

Decrypt, by contrast, focuses on the purchase valuation at “$2.365” for ETH and says the weekly buy “vale más de $240 millones,” while Blockonomi and Moomoo both describe the same purchase as “valued near $238 million” or “worth roughly $238 million.”

The outlets also differ in how they quantify BitMine’s holdings and supply share: Decrypt says BitMine accumulated “más de 5,18 millones de ETH,” while Blockonomi says the position equals “about 4.29% of supply,” and Moomoo similarly says “roughly 4.29% of the token's outstanding supply.”

PR Newswire provides a supply figure and a valuation basis, stating that Bitmine owns “4.29% of the ETH supply (of 120.7 million ETH)” and that its ETH holdings were “5,180,131 ETH at $2,336 per ETH.”

On staking and revenue, Decrypt says staking generates “aproximadamente $297 millones” annually, while Blockonomi says staking generates “about $297 million in annualized revenue,” and Moomoo repeats “earning about $297 million in annualized revenue.”

Even the unrealized loss is presented differently across accounts, with Decrypt saying “pese al alza, BitMine mantiene pérdidas no realizadas de ~$6.000 millones,” while LesNews says “BitMine faces an unrealized loss exceeding $6.3 billion due to price declines.”