Bitmine's Ethereum Treasury Hits 5.82M ETH, Representing 4.8% of Supply

Bitmine Immersion Technologies has accelerated its Ethereum accumulation, lifting its Bitmine Ethereum Treasury to 5,815,164 ETH. The company said the position now equals about 4.8% of Ethereum's total supply and is valued at roughly $11 billion, leaving it 96% of the way to its stated 5% ownership target. ETH traded above $1,900 on Monday. Bitmine reported purchasing an additional 9,926 ETH over the past week, extending a streak of weekly buys since it launched the strategy in June 2025. The firm said its Ethereum treasury is now the largest corporate ETH holding globally and ranks second among corporate crypto treasuries, behind Strategy's bitcoin position. Bitmine is also leaning on staking to turn its holdings into yield. More than 5 million ETH, about 87% of its treasury, is currently staked. The company reported 5,067,309 staked ETH valued near $9.6 billion and projected annualized staking revenue of around $250 million. Beyond ETH, Bitmine reported holdings of 210 BTC, a $180 million stake in Beast Industries, and $73 million in Eightco Holdings. Cash and marketable securities stood at $78 million, down sharply from $482 million reported five weeks earlier. The company did not specify how much of that decline reflected ETH purchases versus share repurchases. Bitmine said it repurchased 1.7 million shares during the latest week, bringing total buybacks to 20.8 million shares since July 1 under a previously authorized $4 billion repurchase plan. Chairman Tom Lee highlighted the ETH/BTC ratio at 0.02994, saying it has moved above a long-term downtrend. He attributed the shift to tokenization and the growth of agentic AI applications on blockchains. Disclaimer: This content is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should conduct their own research before making financial decisions.