Bitmine adds 52,203 ETH in a week, lifting total holdings to 5.67 million ETH

Bitmine said it increased its Ethereum holdings by 52,203 ETH over the past week, taking its total position to 5,672,956 ETH, according to CoinDesk. Using a June 21 reference price of $1,733 per ETH, the stash is worth about $98.3 billion and represents roughly 4.7% of the 120.7 million ETH currently in circulation. Bitmine remains among the largest corporate holders of ETH and said it is closing in on its goal of holding 5% of Ethereum's circulating supply. Beyond ETH, the company said its treasury also includes 205 bitcoin, about $6.01 billion in cash and marketable securities, and equity stakes in Beast Industries and Eightco Holdings. Based on the figures disclosed, the combined value of its crypto assets, cash and securities totals $10.7 billion. Bitmine said its ETH allocation is tied to long-term themes including real-world asset tokenization, AI-powered payments and rising demand for decentralized infrastructure. It expects growth in tokenization and AI-related payments to drive higher demand for on-chain settlement and crypto assets. The company added that 4,718,677 ETH have been staked, valued at about $8.2 billion at $1,733 per ETH, accounting for more than 83% of its total ETH holdings. Bitmine said the staked base is a key contributor to its revenue model, estimating annualized staking revenue of about $223 million at current scale. It also said that if it increases the share of ETH staked via its U.S.-based validator network, MAVAN, and other partners, potential annualized staking rewards could rise to about $268 million. Chairman Tom Lee said the recent pullback in ETH has not changed the company's medium- to long-term view, reiterating expectations of reaching the 5% circulating-supply target at some point in 2026.