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BitMine Adds 126,971 ETH, Bringing Staked Holdings Above 4.7M ETH

BitMine boosted its Ethereum position by 126,971 ETH over the past week, according to Huo Xing Finance. As of June 7, 2026, the firm held 5,543,872 ETH, representing about 4.59% of Ethereum's total supply. BitMine said the combined value of its cryptocurrency, cash and other investment assets stands at roughly $9.6 billion. The portfolio includes $247 million in cash, 204 BTC, $180 million in equity in Beast Industries, and an $88 million stake in Eightco Holdings (ORBS). The company has staked 4,718,677 ETH—more than 85% of its total ETH holdings—worth about $7.7 billion. BitMine estimates annualized staking income of around $230 million. Tom Lee noted that BitMine's prior weekly buying pace was about 26,000 ETH. The latest purchase jumped to 126,971 ETH as the firm views the current pullback as disconnected from Ethereum's continued fundamental progress, leading it to add exposure at lower prices.
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