Bitmine Expands Ethereum Treasury to 5.93 Million ETH

Bitmine Immersion Technologies has significantly expanded its Ethereum treasury to 5.93 million ETH, accounting for 4.9% of Ethereum's total supply. This represents a substantial increase in the company's holdings and reinforces its position as the largest publicly disclosed Ethereum treasury.

The company acquired an additional 28,086 ETH during the past week, bringing its total to over $14.79 billion at the September 7 price. Bitmine has been consistently purchasing ETH every week since June 30, 2025, which matters given the potential for corporate balance-sheet risk in volatile assets.

The company's strategy allows investors to gain Ethereum exposure while also leveraging the company's balance sheet. Bitmine has staked 5.07 million ETH, approximately 85% of its holdings, generating projected annualized staking revenue of about $330 million.