Crypto

Bitmine Snaps Up 60,976 ETH Worth $120M, Now Holds Nearly 4% Of Ethereum Supply

Guavy AI Editorial Team Published July 28, 2026

Instruments

ETH

Bitmine Immersion Technologies has significantly increased its Ethereum holdings to over 4.53 million ETH, making it the largest known corporate holder of the cryptocurrency.

The company acquired an additional 60,976 ETH worth around $120 million in the past week, bringing its total treasury to 4,534,563 ETH, which represents about 3.76% of Ethereum's circulating supply.

This purchase valued Bitmine's Ethereum holdings at approximately $8.9 billion, making Ethereum the dominant component of the company's digital asset balance sheet.

Bitmine's staking strategy is generating yield on a majority of its ETH holdings, with 3,040,483 ETH currently staked on the Ethereum network, estimated to produce around $174 million in annualized staking revenue based on prevailing validator rewards.

Bitmine Snaps Up 60,976 ETH Worth $120M, Now Holds Nearly 4% Of Ethereum Supply

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