Bitmine Buys Another 52,203 ETH, Lifts Treasury to 5.67M ETH (4.7% of Ethereum Supply)

Bitmine added 52,203 ether (ETH) to its balance sheet last week, spending about $92 million and taking total holdings to 5.67 million ETH, nearly $10 billion at roughly $1,760 per token. The accumulation leaves Bitmine controlling about 4.7% of Ethereum’s circulating supply, positioning it as the world’s largest corporate Ethereum treasury. The company noted it is 94% of the way toward its stated objective of holding 5% of total ETH supply, based on an estimated 120.7 million tokens. Including cash, marketable securities and what it labels "moonshots", Bitmine put total assets at $10.7 billion. Those strategic investments include a stake in Beast Industries valued at $180 million to $200 million and a $104 million stake in Eightco Holdings. In its June 22, 2026 holdings update, the firm also reported owning 205 bitcoin (BTC). More than 83% of Bitmine’s ETH—about 4.72 million tokens—is currently staked. Its validation platform, MAVAN, is generating a weekly yield of 2.73% and implies annualized staking revenue of about $223 million, with capacity to scale to $268 million. To support continued purchases, Bitmine has broadened its funding sources. Earlier this month, it issued Series A perpetual preferred stock at 9.50%, raising about $274 million through 3.5 million shares listed on the New York Stock Exchange under ticker BMNP. The preferred shares pay weekly cash dividends of $0.1847 per share. Chairman Thomas "Tom" Lee said the company plans to maintain a steady pace of accumulation through 2026 and reiterated his long-term optimism for the sector. Lee cited asset tokenization and advances in artificial intelligence as catalysts for accelerating demand for blockchain infrastructure and decentralized assets, calling the current period the early stages of a "crypto spring" that followed the liquidation shock of October 2025.