BitMine Blows Past 5.9M ETH Holdings in Aggressive Accumulation Push

BitMine continues to build its massive Ethereum treasury, adding another 53,501 ETH to its holdings over the past week. This brings its total stash to 5,901,112 tokens, representing approximately 4.9% of the circulating supply of 120.7 million ETH.

The company's aggressive purchasing strategy has seen it acquire almost 86,000 ETH in just two weeks, with a significant portion of those purchases happening during times when other major crypto buyers have paused their acquisitions amid market uncertainty.

BitMine remains the largest corporate Ethereum treasury firm and the second-largest crypto treasury entity overall behind Strategy. The company's Chairman, Tom Lee, pointed out that BitMine has consistently purchased ETH every week for 65 consecutive weeks, starting from June 30, 2025.