Bitmine lifts ETH stash by 52,203 to 5.67M; total assets hit $10.7B

ChainThink cited a statement from Bitmine Immersion Technologies saying that, as of June 21, the company held 5,672,956 ETH, 205 BTC, and about $6.01 billion in cash and marketable securities, bringing total assets to roughly $10.7 billion. Chairman Tom Lee said Bitmine added 52,203 ETH over the past week and plans to keep accumulating at a steady pace through 2026. The company's ETH position represents about 4.7% of Ethereum's total supply, making Bitmine the world's largest holder of Ethereum reserves. Bitmine has staked 4.719 million ETH, more than 83% of its total ETH holdings. Based on the current yield, estimated annual staking income is about $223 million.