TechFlow News, May 8: According to a CoinDesk report, Tom Lee, Chairman of Bitmine (BMNR), the largest corporate Ethereum treasury company, stated at the Consensus 2026 Miami Summit that the company is currently purchasing approximately 100,000 ETH per week. It expects to reach its target of holding 5% of Ethereum’s total supply within six weeks (it has already reached 4.29%) and will then slow its buying pace, shifting focus to staking rewards and share buybacks.
The company currently holds over 5.1 million ETH—valued at approximately $11.9 billion—with 85% of it staked. Its annualized staking income exceeds $300 million (roughly $1 million per day). Additionally, the company announced a $4 billion share buyback program and will continue expanding its institutional staking platform, MAVAN, which currently manages approximately $14 billion in digital assets.
