What to Know Bitmine increased its Ethereum treasury to 5.77 million ETH, giving it control of about 4.8% of the cryptocurrency’s circulating supply. More than 4.92 million ETH is staked, wit
What to Know
Bitmine Immersion Technologies has increased its Ethereum treasury to 5.77 million ETH, moving closer to its goal of controlling 5% of the cryptocurrency’s circulating supply. The latest purchase gives the company ownership of roughly 4.8% of Ethereum, making it the largest corporate holder of the asset.
The company’s Ethereum treasury is valued at approximately $10.5 billion based on an ETH price of $1,820. Moreover, Bitmine remains the second-largest corporate cryptocurrency treasury overall, trailing only Strategy’s Bitcoin holdings.
The latest disclosure shows Bitmine added 27,801 ETH over the past week. As a result, the company has achieved about 96% of its publicly stated objective of owning 5% of Ethereum’s estimated 120.7 million circulating tokens.
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Bitmine Chairman Tom Lee said the company remains committed to expanding its Ethereum position as blockchain adoption reaches more everyday users. According to Lee, the July 1 launch of Robinhood Chain highlights Ethereum’s growing role in consumer financial applications. Lee noted that Robinhood’s 27 million users pay blockchain transaction fees denominated in ETH. He added that this trend demonstrates how more users are beginning to treat Ethereum as a practical form of digital money rather than only an investment asset.
Besides expanding its holdings, Bitmine has also increased the portion of Ethereum generating staking rewards. The company disclosed that 4.92 million ETH, representing more than 85% of its treasury, is actively staked across its validator network. Bitmine reported a seven-day staking yield of 2.70%. Additionally, management projects annualized staking revenue of approximately $242 million under current conditions. That figure could increase to about $284 million as its MAVAN validator infrastructure reaches full operating capacity.
Ethereum remained under pressure despite Bitmine’s accumulation strategy. The asset traded around $1,766, marking a decline of nearly 2% over the previous 24 hours. Even so, Ethereum remains the second-largest cryptocurrency by market capitalization despite trading about 64% below its August 2025 all-time high. Beyond Ethereum, Bitmine disclosed holdings of 206 Bitcoin as part of its digital asset portfolio. The company also owns a $180 million stake in Beast Industries and a $69 million investment in Eightco Holdings.
Additionally, Bitmine reported holding approximately $482 million in cash and marketable securities. These assets provide additional liquidity while the company pursues its long-term Ethereum treasury strategy. Bitmine’s latest purchase places the company within striking distance of its 5% Ethereum ownership target. At the same time, its large staking position and diversified balance sheet highlight a strategy focused on building long-term value while generating additional income from its growing ETH treasury.
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