Bitmine Amasses 5,543,872 ETH as Tom Lee Links AI Security to Ethereum Demand

Bitmine Immersion Technologies reported that as of June 7, 2026 it held 5,543,872 ETH—about 4.59% of the 120.7 million ETH supply—valued near $9.04 billion at current prices. The company said 4,718,677 ETH is staked at a seven-day annualized yield of 2.99%, with projected annualized staking revenue of $230 million, while chairman Tom Lee argued AI-driven flaw discovery could favor hardened networks like Ethereum.