BitMine Adds 53,501 ETH to Treasury, Bringing Holdings Over 5.9 Million

BitMine Immersion Technologies has purchased another 53,501 ETH in its ongoing treasury strategy, lifting its Ethereum holdings to 5,901,112 tokens worth approximately $14.54 billion at the time of writing.

This marks the company's 65th consecutive week of purchasing Ethereum since launching its treasury strategy on June 30, 2025.

BitMine now controls about 4.9% of Ethereum's reported 120.7 million-token supply, with more than 5.06 million ETH staked through its own infrastructure and outside validator partners.

The company estimates that the staked tokens could produce $335 million in annual revenue, a figure that could increase to $390 million once more of its ETH is deployed.