Last week, Tom Lee made another big move, purchasing 126,971 ETH worth over $210 million. Currently, Bitmine's total holdings have reached 5,543,872 ETH, with a market value exceeding $9.31 billion and an average buy-in cost of around $3,460 (definitely not cheap). Bitmine's core strategy is called 'Alchemy of 5%' (5% Alchemy Plan), aiming to accumulate approximately 5% of the total ETH supply (current total ETH supply is about 120.7 million, with 5% equating to roughly 6.04 million ETH). With current holdings of 5,543,872 ETH, they already account for 4.59% of the total supply, leaving only about 490,000 ETH to reach their goal. At their recent steady accumulation pace, they are highly likely to achieve this target by the end of 2026. Bitmine positions ETH as the company's core long-term reserve asset, rather than a short-term trading chip. While continuously accumulating, they are leveraging their proprietary MAVAN (Made in America Validator Network) platform for large-scale staking. Currently, about 4.7187 million ETH (85%+) has been staked. If all staking is completed, the estimated annualized yield could reach approximately $270 million. Judging by Tom Lee's moves, this is a classic institutional strategy for long-term holdings.